Document:

LAND
LEASE

 

This agreement,
a contract, sets forth the terms as a binding agreement between the lessee, Rapid Fire Marketing, Inc. and the leaser, Black Ice
Advisors, LLC, executed on this 15th day 2015.

 

The following
terms are set forth:

 

1. The
purpose of this contract permits the lessee exclusive use of the land owned by leaser for the purpose of farming Industrial Hemp,
subject to obtaining necessary permits.

 

2. The
description below denotes the land to be utilized in this agreement. The land base consists of 66 acres subject to this lease.

 

3.
The land will be leased at the rate of $30.30 per/A for a total of $2,000 per month. This shall be payable at the first of
each month for the length of the contract.

 

4. The
contract period shall commence on July 1, 2015 and renew annually for the same terms for up to 5 years when contract will be renegotiated.

 

5.
This agreement shall be renewable every 5 years.

 

6.
All repairs to fence lines and wells will be at the expense of the landowner (lessee) prior to the beginning of this contract
period. The leaser will assume the responsibility to all expenses of the fence lines and well after the contract period
begins.

 

7. Any
future improvements shall be at the expense of the leaser. Prior negotiations will take place before any improvements to the land
are implemented between the landowner and the leaser.

 

8. The
landowner reserves the right to trespass on the unit so long as there is no disturbance to the crops and also, in agreement with
leaser.

 

The above
terms has been reviewed and are in mutual agreement between both the lessee and the leaser on this date, 15 June 2015.

 

	Lessee:	 	 Rapid
Fire Marketing, Inc.
	 	 	 
	Leaser:	 	 Black Ice Advisors,
LLCex10-1.htm

Exhibit 10.1

 

AMENDMENT NO. 1

TO

LOAN AND SECURITY AGREEMENT

This Amendment No. 1 to Loan and Security Agreement (this “Amendment”) is dated as of June 17, 2015 (the “First Amendment Date”) and is entered into by and among CHROMADEX CORPORATION, a Delaware corporation, and each of its subsidiaries (hereinafter collectively referred to as the “Borrower”), the several banks and other financial institutions or other entities from time to time party hereto (collectively, “Lender”) and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Maryland corporation, in its capacity as administrative agent and itself and Lender (“Agent”).  Capitalized terms used herein without definition shall have the same meanings given them in the Loan Agreement (as defined below).

Recitals

 

A. Borrower, Agent and Lender have entered into that certain Loan and Security Agreement dated as of September 29, 2014 (as may be amended, restated, or otherwise modified, the “Loan Agreement”), pursuant to which Lender has extended and made available to Borrower certain advances of money.

 

B. Borrower, Agent and Lender have agreed to amend certain provisions as set forth herein.

 

Agreement

 

NOW, THEREFORE, in consideration of the foregoing Recitals and intending to be legally bound, the parties hereto agree as follows:

 

        1. Amendment.

 

(a) The definition of “Amortization Date” in Section 1.1 is hereby amended and restated in its entirety as follows:

 

“Amortization Date” means April 1, 2016; provided however, if Agent has received evidence that Borrower’s consolidated revenue (in accordance with GAAP) is equal to or in excess of $11,500,000 for the trailing six month ending December 31, 2015, then July 1, 2016.

 

(b) Section 2.2(b)  is hereby amended and restated in its entirety as follows:

 

                “Advance Request.  To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Advance Date) to Agent.  Lender shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the applicable conditions precedent to such Term Loan Advance (Section 4.1 and Section 4.3 with respect to an initial Advance Request and Section 4.2 and Section 4.3 with respect to any subsequent Advance Request) is satisfied as of the requested Advance Date.”

 

2. Borrower’s Representations And Warranties.  Borrower represents and warrants that:

 

2.1 Immediately upon giving effect to this Amendment (i) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (ii) no Event of Default has occurred and is continuing with respect to which Borrower has not been notified in writing by Agent or Lender.

 

2.2 Borrower has the corporate power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment.

 

2.3 The certificate of incorporation, bylaws and other organizational documents of Borrower delivered to Lender on the Closing Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect.

 

2.4 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights; and

 

2.5 As of the date hereof, it has no defenses against the obligations to pay any amounts under the Obligations.  Borrower acknowledges that Lender and Agent have acted in good faith and has conducted in a commercially reasonable manner its relationships with Borrower in connection with this Amendment and in connection with the Loan Documents.

  

  

  

 

Borrower understands and acknowledges that Lender is entering into this Amendment in reliance upon, and in partial consideration for, the above representations and warranties, and agrees that such reliance is reasonable and appropriate.

 

3. Limitation.  The amendments set forth in this Amendment shall be limited precisely as written and shall not be deemed (a) to be a waiver or modification of any other term or condition of the Loan Agreement or of any other instrument or agreement referred to therein or to prejudice any right or remedy which Agent or Lender may now have or may have in the future under or in connection with the Loan Agreement (as amended hereby) or any instrument or agreement referred to therein; or (b) to be a consent to any future amendment or modification or waiver to any instrument or agreement the execution and delivery of which is consented to hereby, or to any waiver of any of the provisions thereof.  Except as expressly amended hereby, the Loan Agreement shall continue in full force and effect.

 

4. Effectiveness.  This Amendment shall become effective upon (a) the satisfaction of Borrower, Agent and Lender having duly executed and delivered this Amendment to Agent, (b) Borrower fully drawing down the Second Advance on or prior to June 20, 2015 and (c) Agent’s receipt of a non-renewable facility fee equal to $15,000.

 

5. Counterparts.  This Amendment may be signed in any number of counterparts, and by different parties hereto in separate counterparts, with the same effect as if the signatures to each such counterpart were upon a single instrument.  All counterparts shall be deemed an original of this Amendment. This Amendment may be executed by facsimile, portable document format (.pdf) or similar technology signature, and such signature shall constitute an original for all purposes.

 

6. Incorporation By Reference.  The provisions of Section 11 of the Agreement shall be deemed incorporated herein by reference, mutatis mutandis.

 

  

  

  

 

In Witness Whereof, the parties have duly authorized and caused this Amendment to be executed as of the date first written above.

 

	
BORROWER:

 

	  
	
CHROMADEX CORPORATION

 

Signature:       /s/ Frank Jaksch                

Print Name:     Frank Jaksch                     

Title:                Chief Executive Officer    

 

	
CHROMADEX, INC.

 

Signature:       /s/ Frank Jaksch               

Print Name:     Frank Jaksch                    

Title:                Chief Executive Officer   

 

	
CHROMADEX ANALYTICS, INC.

 

Signature:       /s/ Frank Jaksch               

Print Name:    Frank Jaksch                     

Title:               Chief Executive Officer    

 

	
SPHERIX CONSULTING, INC.

 

Signature:       /s/ Frank Jaksch               

Print Name:     Frank Jaksch                    

Title:                Chief Executive Officer   

 

	  	  

Accepted in Palo Alto, California:

	
AGENT:

 

HERCULES TECHNOLOGY GROWTH CAPITAL, INC.

 

By:        /s/ Ben Bang                                   

Ben Bang, Associate General Counsel

 

	
LENDER:

 

HERCULES TECHNOLOGY II, L.P.,

a Delaware limited partnership

 

By:     Hercules Technology SBIC Management, LLC, its General Partner

 

By:     Hercules Technology Growth Capital, Inc., its Manager

 

By:     /s/ Ben Bang                                 

           Ben Bang, Associate General CounselExhibit 10.1

 

GENOCEA BIOSCIENCES, INC.

 

FIFTH AMENDMENT TO CONSULTING AGREEMENT

 

This Fifth Amendment to Consulting Agreement (the “Amendment”) is made as of the 15th day of June, 2015 (the “Amendment Date”) by and between Genocea Biosciences, Inc., a Delaware corporation (the “Company”) and George Siber (the “Consultant”). Capitalized terms used herein but not otherwise defined shall have the meanings given to such terms in the Consulting Agreement (as defined below).

 

WHEREAS, the Company and the Consultant are parties to that certain Consulting Agreement, dated as of May 16, 2007, as amended on June 30, 2009, December 16, 2010, June 15, 2011, and June 5, 2013 (the “Consulting Agreement”);

 

WHEREAS, the term of the Consulting Agreement currently expires on June 17, 2015;

 

WHEREAS, the Consulting Agreement may be amended by written agreement signed by the Company and the Consultant; and

 

WHEREAS, the Company and the Consultant desire to amend the Consulting Agreement as set forth herein.

 

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the undersigned agree to amend the Consulting Agreement as follows:

 

1.                                      Term.  As of the Amendment Date, the term of the Consulting Agreement is extended until June 17, 2017.

 

2.                                      Compensation.  As of the Amendment Date, Section 2(A) of Exhibit A shall be amended and replaced in its entirety as follows:

 

“(A) Throughout the term of this Agreement the Company will pay Consultant a fee of $5,208 per month in consideration for rendering the Services.  All such payments will be made monthly within ten days after the close of the calendar month.”

 

3.                                      Miscellaneous.

 

(a)                                 Continuation of Agreement.  Except as amended hereby, the Consulting Agreement shall remain in full force and effect.

 

(b)                                 Entire Agreement.  The Consulting Agreement, as amended hereby, constitutes the entire agreement between Consultant and the Company with regard to the subject matter hereof.  The Consulting Agreement, as amended hereby, is the complete, final, and exclusive embodiment of their agreement with regard to the subject matter thereof and supersedes any prior oral discussions or written communications and agreements.

 

1

 

(c)                                  Severability.  Whenever possible, each provision of the Consulting Agreement, as amended hereby, will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of the Consulting Agreement, as amended hereby, is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but the Consulting Agreement, as amended hereby, and will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provisions had never been contained in the Consulting Agreement or this Amendment.

 

(d)                                 Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to conflicts of law principles thereof.

 

(e)                                  Counterparts.  This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Amendment may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[Remainder of page intentionally left blank.]

 

2

 

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

 

	
 
    	
 
    	
 
    
	
 
    	
COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
/s/   William Clark
    
	
 
    	
Name:
    	
William   Clark
    
	
 
    	
Title:
    	
President   and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CONSULTANT
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
/s/   George Siber
    
	
 
    	
Name:
    	
George   Siber

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