Document:

exv10w10w1

 

EXHIBIT
10.10.1

MASTER SECURITY AGREEMENT

NO. 3081038

DATED AS OF SEPTEMBER 26, 2003 (“AGREEMENT”)

     THIS AGREEMENT is between Oxford Finance Corporation (together with its successors and
assigns, if any, “Secured Party”) and Iomai Corporation (“Debtor”). Secured Party has an office at
133 N. Fairfax Street, Alexandria, VA 22314. Debtor is a corporation organized and existing under
the laws of the state of Delaware. Debtor’s mailing address and chief place of business is 20
Firstfield Road, Suite 250, Gaithersburg, MD 20878.

1. CREATION OF SECURITY INTEREST.

     Debtor grants to Secured Party, its successors and assigns, a security interest in and against
all property listed on any collateral schedule now or in the future-annexed to or made a part of
this Agreement (“Collateral Schedule”), and in and against all additions, attachments, accessories
and accessions to such property, all substitutions, replacements or exchanges therefor, and all
insurance and/or other proceeds thereof (all such property is individually and collectively called
the “Collateral”). This security interest is given to secure the payment and performance of all
the Notes and debts, obligations and liabilities of any kind whatsoever of Debtor to Secured Party
relating thereto, now existing or arising in the future, including but not limited to the payment
and performance of certain Promissory Notes from time to time identified on any Collateral Schedule
(collectively “Notes” and each a “Note”), and any renewals, extensions and modifications of such
debts, obligations and liabilities (such Notes, debts, obligations and liabilities are called the
“Indebtedness”). Unless otherwise provided by applicable law, notwithstanding anything to the
contrary contained in this Agreement, to the extent that Secured Party asserts a purchase money
security interest in any items of Collateral (“PMSI Collateral”): (i) the PMSI Collateral shall
secure only that portion of the Indebtedness which has been advanced by Secured Party to enable
Debtor to purchase, or acquire rights in or the use of such PMSI Collateral (the “PMSI
Indebtedness”), and (ii) no other Collateral shall secure the PMSI Indebtedness.

2. REPRESENTATIONS, WARRANTIES AND COVENANTS OF DEBTOR

     Debtor represents, warrants and covenants as of the date of this Agreement and except as set
forth therein as of the date of each Collateral Schedule that:

	 	(a)	 	Debtor’s exact legal name is as set forth in the preamble of this Agreement and
Debtor is, and will remain, duly organized, existing and in good standing under the
laws of the State set forth in the preamble of this Agreement, has its chief executive
offices at the location specified in the preamble, and is, and will remain, duly
qualified and licensed in every jurisdiction wherever necessary to carry on its
business and operations, except where the failure to so qualify or be licensed would
not reasonably be expected to have a material adverse effect on Debtor, its business or
operations, or its ability to perform its obligations under the Debt Documents;

 

 

	 	(b)	 	Debtor has adequate power and capacity to enter into, and to perform its
obligations under this Agreement, each Note and any other documents evidencing, or
given in connection with, any of the Indebtedness (all of the foregoing are called the
“Debt Documents”);
	 
	 	(c)	 	This Agreement and the other Debt Documents have been duly authorized, executed
and delivered by Debtor and constitute legal, valid and binding agreements enforceable
in accordance with their terms, except to the extent that the enforcement of remedies
may be limited under applicable bankruptcy and insolvency laws;
	 
	 	(d)	 	No approval, consent or withholding of objections is required from any
governmental authority or instrumentality with respect to the entry into, or
performance by Debtor of any of the Debt Documents, except any already obtained;
	 
	 	(e)	 	The entry into, and performance by, Debtor of the Debt Documents will not (i)
violate any of the organizational documents of Debtor or any judgment, order, law or
regulation applicable to Debtor, or (ii) result in any breach of or constitute a
default under any material contract to which Debtor is a party, or result in the
creation of any lien, claim or encumbrance on any of Debtor’s property (except for
liens in favor of Secured Party as contemplated hereby) pursuant to any indenture,
mortgage, deed of trust, bank loan, credit agreement, or other material agreement or
instrument to which Debtor is a party;
	 
	 	(f)	 	There are no suits or proceedings pending in court or before any commission,
board or other administrative agency against Debtor which are reasonably expected, in
the aggregate, to have a material adverse effect on Debtor, its business or operations,
or its ability to perform its obligations under the Debt Documents, nor does Debtor
have reason to believe that any such suits or proceedings are threatened;
	 
	 	(g)	 	All financial statements delivered to Secured Party in connection with the
Indebtedness have been prepared in accordance with generally accepted accounting
principles, and since the date of the most recent financial statement, there has been
no material adverse change in Debtor’s financial condition;
	 
	 	(h)	 	The Collateral is not, and will not be, used by Debtor for personal, family or
household purposes;
	 
	 	(i)	 	Debtor will not be negligent in its care and use of the Collateral, and shall
use reasonable commercial efforts to maintain the Collateral in good condition and
repair, ordinary wear and tear excepted;
	 
	 	(j)	 	All of the tangible Collateral is located at the locations set forth on each
Collateral Schedule. Debtor shall give the Secured Party 15 days prior written notice
of any relocation of any Collateral;

-2-

 

	 	(k)	 	Debtor is, and will remain, the sole and lawful owner, and in possession of,
the Collateral, and has the sole right and lawful authority to grant the security
interest described in this Agreement;
	 
	 	(l)	 	The Collateral is, and will remain, free and clear of all liens, claims and
encumbrances of any kind whatsoever, except for (i) liens in favor of Secured Party,
(ii) liens for taxes not yet due or for taxes being contested in good faith and which
do not involve, in the judgment of Secured Party, any risk of the sale, forfeiture or
loss of any of the Collateral, (iii) material men’s, mechanic’s, repairmen’s and
similar liens arising by operation of law in the normal course of business for amounts
which are not delinquent or are contested in good faith, and (iv) existing liens
specified in Schedule 2 hereto (all of such liens are collectively called
“Permitted Liens”);
	 
	 	(m)	 	All material federal, state and local tax returns required to be filed by
Debtor have been filed with the appropriate governmental agencies and all material
taxes due and payable by Debtor have been timely paid. Debtor will pay when due all
taxes, assessments and other liabilities except as contested in good faith and by
appropriate proceedings and for which adequate reserves have been established;
	 
	 	(n)	 	No event or condition exists under any material agreement, instrument or
document to which Debtor is a party or may be subject, or by which Debtor or any of its
properties are bound, which constitutes a default or an event of default thereunder, or
will, with the giving of notice, passage of time, or both, would constitute a default
or event of default thereunder;
	 
	 	(o)	 	All material reports, certificates, schedules, notices and financial
information submitted by Debtor to the Secured Party pursuant to this Agreement shall
be certified as true and correct by the president or chief financial officer of Debtor;
	 
	 	(p)	 	Debtor shall give the Secured Party prompt written notice of any event,
occurrence or other matter which has resulted or may result in a material adverse
change in its financial condition, business operations, product development,
technology, or business which would materially impair the ability of Debtor to perform
its obligations hereunder or under any of the other financing agreements to which it is
a party or of Secured Party to enforce the Indebtedness or realize upon the Collateral.

3. COLLATERAL.

	 	(a)	 	Until the declaration of any default, Debtor shall remain in possession of the
Collateral; except that Secured Party shall have the right to possess (i) any chattel
paper or instrument that constitutes a part of the Collateral, and (ii) any other
Collateral in which Secured Party’s security interest may be perfected only by
possession. Secured Party may inspect any of the Collateral during normal business
hours after giving Debtor reasonable prior written notice except (i) in the event of
exigent circumstances or (ii) after the occurrence of an event of default or

-3-

 

	 	 	 	an event (which with the passage of time might ripen into an event of default) has
occurred in which verbal notice shall suffice. In connection with any such
inspection, Secured Party shall coordinate with Debtor in order to minimize the
disruption to Debtor’s use of the Collateral. Secured Party hereby acknowledges
that Debtor’s use of the Collateral includes the storage and handling of hazardous
materials and biologic agents and that Secured Party’s entry into the premises where
the Collateral is located, without a Debtor representative, will be at Secured
Party’s peril. Notwithstanding anything to the contrary set forth in this
Agreement, Secured Party will not be permitted access to areas previously designated
in writing by Debtor as security areas, unless Secured Party or its representatives
are accompanied by (i) an agent of Debtor designated by Debtor for such purpose or
(ii) other qualified expert familiar with the necessary precautions to be taken in
the presence of any extant biohazards. Any inspection by Secured Party or its
agents and invitees hereunder shall be subject to compliance with such reasonable
confidentiality and security procedures as are reasonably imposed on Debtor’s
business operations and Debtor’s standard operating procedures except to the extent
that: (i) an event of default or an event (which with the passage of time might
ripen into an event of default) has occurred; or (ii) Secured Party has determined
in its sole and reasonable discretion that (a) the Collateral is in jeopardy or (b)
its Security Interest in the Collateral is in jeopardy. Any such entry into the
premises by Secured Party where the Collateral is located, without a Debtor
representative, will be at Secured Party’s peril.

	 	(b)	 	Debtor shall use commercially reasonable efforts to (i) use the Collateral only
in its trade or business, (ii) maintain all of the Collateral in good operating order
and repair, normal wear and tear excepted, (iii) use and maintain the Collateral only
in compliance with manufacturers recommendations and all applicable laws, and (iv) keep
all of the Collateral free and clear of all liens, claims and encumbrances (except for
Permitted Liens).
	 
	 	(c)	 	Secured Party does not authorize and Debtor agrees it shall not (i) part with
possession of any of the Collateral (except to Secured Party or for maintenance and
repair), (ii) remove any of the Collateral from the continental United States, or (iii)
sell, rent, lease, mortgage, license, grant a security interest in or otherwise
transfer or encumber (except for Permitted Liens) any of the Collateral, provided that
Debtor may, with the consent of Secured Party, such consent not to be unreasonably
withheld, sell, rent, encumber, license, lease or otherwise transfer or dispose of any
Collateral that is obsolete and has been replaced in the ordinary course.
	 
	 	(d)	 	Debtor shall pay promptly when due all taxes, license fees, assessments and
public and private charges levied or assessed on any of the Collateral, on its use, or
on this Agreement or any of the other Debt Documents, except for those contested in
good faith. At its option, Secured Party may discharge taxes, liens, security
interests or other encumbrances at any time levied or placed on the Collateral and may
pay for the maintenance, insurance and preservation of the

-4-

 

	 	 	 	Collateral and effect compliance with the terms of this Agreement or any of the
other Debt Documents. Debtor agrees to reimburse Secured Party, on demand, all
reasonable costs and expenses incurred by Secured Party in connection with such
payment or performance and agrees that such reimbursement obligation shall
constitute Indebtedness.

	 	(e)	 	Debtor shall, at all times, keep accurate and complete records of the
Collateral, and Secured Patty shall have the right to inspect and make copies of all of
Debtor’s books and records relating to the Collateral during normal business hours,
after giving Debtor reasonable prior written notice except (i) in the event of exigent
circumstances or (ii) after the occurrence of an event of default or an event (which
with the passage of time might ripen into an event of default) has occurred in which
verbal notice shall suffice.
	 
	 	(f)	 	Debtor agrees and acknowledges that any third person who may at any time
possess all or any portion of the Collateral shall be deemed to hold, and shall hold,
the Collateral as the agent of, and as pledge holder for, Secured Party. Secured Party
may at any time give written notice to any third person described in the preceding
sentence that such third person is holding the Collateral as the agent of, and as
pledge holder for, the Secured Party.

4. INSURANCE.

	 	(a)	 	Debtor shall at all times bear the entire risk of any loss, theft, damage to,
or destruction of, any of the Collateral from any cause whatsoever.
	 
	 	(b)	 	Debtor agrees to keep the Collateral insured against loss or damage by fire and
extended coverage perils, theft, burglary, and for any or all Collateral, which are
vehicles, for risk of loss by collision, and if requested by Secured Party, against
such other risks as Secured Party may reasonably require. The insurance coverage shall
be in an amount no less than the full replacement- value of the Collateral, and
deductible amounts, insurers and policies shall be reasonably acceptable to Secured
Party. Debtor shall deliver to Secured Party policies or certificates of insurance
evidencing such coverage. Each policy shall name Secured Party as a loss payee, shall
provide for coverage to Secured Party regardless of the breach by Debtor of any
warranty or representation made therein, shall not be subject to co-insurance, and
shall provide that coverage may not be canceled or altered by the insurer except upon
thirty (30) days prior written notice to Secured Party. Debtor appoints Secured Party
as its attorney-in-fact to make proof of loss, claim for insurance and adjustments with
insurers, and to receive payment of and execute or endorse all documents, checks or
drafts in connection with insurance payments. Secured Party shall not act as Debtor’s
attorney-in-fact unless Debtor is in default. Proceeds of insurance during a default
hereunder shall be applied, at the option of Secured Party, to repair or replace the
Collateral or to reduce any of the Indebtedness. Any excess proceeds shall be paid to,
and retained by, Debtor.

-5-

 

5. REPORTS.

	 	(a)	 	Debtor shall promptly notify Secured Party of (i) any change in the name of
Debtor, (ii) any change in the state of its incorporation or registration, (iii) any
relocation of its chief executive offices, (iv) any of the Collateral being lost,
stolen, missing, destroyed, materially damaged or worn out, or (v) any lien, claim or
encumbrance other than Permitted Liens attaching to or being made against any of the
Collateral.
	 
	 	(b)	 	Debtor will deliver to Secured Party within ninety (90) days of the close of
each fiscal year of Debtor, Debtor’s complete financial statements including a balance
sheet, income statement, statement of shareholders’ equity and statement of cash flows,
each prepared in accordance with generally accepted accounting principles consistently
applied, certified by a recognized firm of certified public accountants reasonably
satisfactory to Secured Party. Debtor will deliver to Secured Party copies of Debtor’s
quarterly financial statements including a balance sheet, income statement and
statement of cash flows, each prepared by Debtor in accordance with generally accepted
accounting principles consistently applied by Debtor and certified by Debtor’s chief
financial officer, within ninety (90) days after the close of each of Debtor’s fiscal
quarter. Debtor will deliver to Secured Party copies of all Forms 10-K and 10-Q, if
any, within 30 days after the dates on which they are filed with the Securities and
Exchange Commission. Debtor will deliver to Secured Party copies of Debtor’s monthly
financial statements including a balance sheet and income statement, each prepared by
Debtor in accordance with generally accepted accounting principles consistently applied
by Debtor within forty-five (45) days after the close of each month. Debtor will
deliver to Secured Party promptly upon request of Secured Party, in form reasonably
satisfactory to Secured Party, such other and additional information relating hereto as
Secured Party may reasonably request from time to time.

6. FURTHER ASSURANCES.

	 	(a)	 	Debtor shall, upon request of Secured Party, furnish to Secured Party such
further information, execute and deliver to Secured Party such documents and
instruments (including, without limitation, Uniform Commercial Code financing
statements) and shall do such other acts and things as Secured Party may at any time
reasonably request relating to the perfection or protection of the security interest
created by this Agreement or for the purpose of carrying out the intent of this
Agreement. Without limiting the foregoing, Debtor shall cooperate and do all acts
deemed reasonably necessary by Secured Party to continue in Secured Party a perfected
first security interest in the Collateral, and shall use in commercially reasonable
efforts to obtain and furnish to Secured Party any subordinations, releases, landlord
waivers, lessor waivers, mortgagee waivers, or control agreements, and similar
documents as may be from time to time reasonably requested by, and in form and
substance reasonably satisfactory to, Secured Party.

-6-

 

	 	(b)	 	Debtor shall perform any and all acts requested by the Secured Party to
establish, maintain and continue the Secured Party’s security interest and liens in the
Collateral, including but not limited to, executing or authenticating financing
statements and such other instruments and documents when and as reasonably requested by
the Secured Party. Debtor hereby authorizes Secured Party through any of Secured
Party’s employees, agents or attorneys to file any and all financing statements,
including, without limitation, any original filings, continuations, transfers or
amendments thereof required to perfect Secured Party’s security interest and liens in
the Collateral under the UCC without authentication or execution by Debtor. Debtor
hereby irrevocably authorizes the Secured Party at any time and from time to time to
file in any filing office in any Uniform Commercial Code jurisdiction any initial
financing statement(s) and amendments thereto that (a) indicate the Collateral (i) as
assets of the Debtor or words of similar effect, regardless of whether any particular
asset comprised in the Collateral falls within the scope of Article 9 of the Uniform
Commercial Code of the State or such jurisdiction, or (ii) as being of an equal or
lesser scope or with greater detail, and (b) provide any other information required by
part 5 of Article 9 of the Uniform Commercial Code of the State or such other
jurisdiction for the sufficiency or filing office acceptance of any financing statement
or amendment, including (i) whether the Debtor is an organization, the type of
organization and any organization identification number issued to the Debtor, and (ii)
in the case of a financing statement filed as a fixture filing, a sufficient
description of real property to which the Collateral relates. The Debtor agrees to
furnish any such information to the Secured Party promptly upon the Secured Party’s
request.
	 
	 	(c)	 	Debtor shall indemnify and defend the Secured Party, its successors and
assigns, and their respective directors, officers and employees (collectively, the
“Indemnitees”), from and against all claims, actions and suits (including, without
limitation, related reasonable attorneys’ fees) of any kind whatsoever arising,
directly or indirectly, in connection with any of the Collateral except such as may be
caused by gross negligence or willful misfeasance of the applicable Indemnitee.

7. DEFAULT AND REMEDIES.

	 	(a)	 	Debtor shall be in default under this Agreement and each of the other Debt
Documents if,

	 	(i)	 	Debtor breaches its obligation to pay when due any amount under
any of the Debt Documents and fails to cure such breach within five (5) days;
	 
	 	(ii)	 	Debtor, without the prior written consent of Secured Party,
attempts to or does sell, rent, lease, license, mortgage, grant a security
interest in, or otherwise transfer or encumber (except for Permitted Liens) any
of the Collateral, it being understood that Debtor may, with the consent of
Secured Party, such consent not to be unreasonably withheld, sell, rent,

-7-

 

	 	 	 	license, encumber, lease or otherwise transfer or dispose of any Collateral
that is obsolete and has been replaced in the ordinary course;

	 	(iii)	 	Debtor breaches any of its insurance obligations under Section
4;
	 
	 	(iv)	 	Debtor breaches any of its other non-payment obligations under
any of the Debt Documents and fails to cure that breach within thirty (30) days
after written notice from Secured Party;
	 
	 	(v)	 	Any warranty, representation or statement made by Debtor in any
of the Debt Documents or otherwise in connection with any of the Indebtedness
shall be false or misleading in any material respect;
	 
	 	(vi)	 	Any material portion of the Collateral is subjected to
attachment, execution, levy, seizure or confiscation in any legal proceeding or
otherwise, or if any legal or administrative proceeding is commenced against
Debtor or any of the Collateral, which in the good faith judgment of Secured
Party subjects any material portion of the Collateral to a material risk of
attachment, execution, levy, seizure or confiscation and no bond is posted or
protective order obtained to negate such risk;
	 
	 	(vii)	 	Debtor breaches or is in material default under any other
agreement between Debtor and Secured Party;
	 
	 	(viii)	 	Debtor dissolves, terminates its existence, becomes insolvent or ceases to do
business as a going concern;
	 
	 	(ix)	 	A receiver is appointed for all or of any part of the property
of Debtor and is not discharged within forty-five (45) days, or Debtor makes
any assignment for the benefit of creditors;

	 	(x)	 	Debtor files a petition under any bankruptcy, insolvency or
similar law, or any such petition is filed against Debtor and is not dismissed
within forty-five (45) days;
	 
	 	(xi)	 	Debtor’s improper filing of an amendment or termination
statement relating to a filed financing statement describing the Collateral;
	 
	 	(xii)	 	Debtor, without the prior written consent of Secured Party,
shall (i) merge with or consolidate into any other entity if the resulting
entity’s overall financial condition after the merger or consolidation is
materially worse than the overall financial condition of Debtor before the
merger or consolidation in the Secured Party’s reasonable opinion or (ii) sell
all or substantially all of its assets. Upon Debtor’s merger or consolidation,
sale of all or substantially all of its assets, or liquidation or other
termination of existence, Debtor may prepay the Indebtedness upon payment of
(i) all accrued and unpaid interest and the outstanding principal balances of
the Notes as of the date of such payment and (ii) an amount equal to three

-8-

 

	 	 	 	(3%) of the outstanding principal balance of the Notes on the date of
prepayment. If Secured Party consents to the merger or consolidation, the
acquiring, surviving or successor entity must agree in writing to assume the
Debtor’s obligations under the Debt Documents;

	 	(xiii)	 	If Debtor is a privately held corporation, more than 25% of Debtor’s voting
capital stock, or effective control of Debtor’s voting capital stock, issued
and outstanding from time to time, is not retained by the holders of such stock
on the date the Agreement is executed, except as may result from the initial
public offering of the Debtor’s securities;
	 
	 	(xiv)	 	If Debtor is a publicly held corporation, there shall be a
change in the ownership of Debtor’s stock such that Debtor is no longer subject
to the reporting requirements of the Securities Exchange Act of 1934 or no
longer has a class of equity securities registered under Section 12 of the
Securities Act of 1933;
	 
	 	(xv)	 	Debtor’ defaults under any other financing arrangement between
Debtor and a third party (other than a default where the aggregate payment by
Debtor to a third party amounts to less than $100,000 annually); and
	 
	 	(xvi)	 	Secured Party shall have determined in its good faith, sole
and reasonable judgment that there has been a material adverse change in the
Debtor’s business plan, from the date hereof, and as amended and accepted in
its entirety by Secured Party from time to time, which would materially impair
the ability of Debtor to perform its obligations hereunder or of Secured Party
to enforce the Indebtedness or realize upon the Collateral.

	 	(b)	 	If Debtor is in default, the Secured Party, at its option, may declare any or
all of the Indebtedness to be immediately due and payable, without demand or notice to
Debtor. The accelerated obligations and liabilities shall bear interest (both before
and after any judgment) until paid in full at the lower of thirteen percent (13%) per
annum or the maximum rate not prohibited by applicable law.
	 
	 	(c)	 	For so long as a default has occurred and is continuing, Secured Party shall
have all of the rights and remedies of a Secured Party under the Uniform Commercial
Code “UCC”, and under any other applicable law. Without limiting the foregoing,
Secured Party shall have the right to (i) notify any account debtor of Debtor or any
obligor on any instrument which constitutes part of the Collateral to make payment to
the Secured Party, (ii) with or without legal process, enter any premises where the
Collateral may be and take possession of and remove the Collateral from the premises or
store it on the premises, (iii) sell the Collateral at public or private sale, in whole
or in part, and have the right to bid and purchase at said sale (subject to the
commercially reasonableness requirements of Section 9-610 of the UCC), or (iv) lease or
otherwise dispose (subject to the commercially reasonableness requirements of Section
9-610 of the UCC) of all or part of the Collateral, applying proceeds from such
disposition to the obligations then in

-9-

 

	 	 	 	default. If requested by Secured Party, Debtor shall promptly assemble the
Collateral and make it available to Secured Party at a place to be designated by
Secured Party, which is reasonably convenient to both parties. Secured Party may
also render any or all of the Collateral unusable at the Debtor’s premises and may
dispose of such Collateral on such premises without liability for rent or costs.
Any notice that Secured Party is required to give to Debtor under the Uniform
Commercial Code of the time and place of any public sale or the time after which any
private sale or other intended disposition of the Collateral is to be made shall be
deemed to constitute reasonable notice if such notice is given to the last known
address of Debtor at least ten (10) days prior to such action. Upon the occurrence
and during the continuation of a default, Debtor hereby appoints Secured Party as
Debtor’s attorney-in-fact, with full authority in Debtor’s place and stead and in
Debtor’s name or otherwise, from time to time in Secured Party’s sole and arbitrary
discretion, to take any action and to execute any instrument which Secured Party may
deem reasonably necessary or advisable to accomplish the purpose of this Agreement.

	 	(d)	 	Proceeds from any sale or lease or other disposition shall be applied: first,
to all reasonable costs of repossession, storage, and disposition including without
limitation reasonable attorneys’, appraisers’, and auctioneers’ fees; second, to
discharge the obligations then in default; third, to discharge any other Indebtedness
of Debtor to Secured Party, whether as obligor, endorser, guarantor, surety or
indemnitor; fourth, to expenses incurred in paying or settling liens and claims against
the Collateral; and lastly, to Debtor, if there exists any surplus. Debtor shall
remain fully liable for any deficiency.
	 
	 	(e)	 	Debtor agrees to pay all reasonable attorneys’ fees and other costs incurred by
Secured Party in connection with the enforcement, assertion, defense or preservation of
Secured Party’s rights and remedies under this Agreement, or if prohibited by law, such
lesser sum as may be permitted. Debtor further agrees that such fees and costs shall
constitute Indebtedness.
	 
	 	(f)	 	Secured Party’s rights and remedies under this Agreement or otherwise arising
are cumulative and may be exercised singularly or concurrently. Neither the failure
nor any delay on the part of the Secured Party to exercise any right, power or
privilege under this Agreement shall operate as a waiver, nor shall any single, or
partial exercise of any right, power or privilege preclude any other or further
exercise of that or any other right, power or privilege. SECURED PARTY SHALL NOT BE
DEEMED TO HAVE WAIVED ANY OF ITS RIGHTS UNDER THIS AGREEMENT OR UNDER ANY OTHER
AGREEMENT, INSTRUMENT OR PAPER SIGNED BY DEBTOR UNLESS SUCH WAIVER IS EXPRESSED IN
WRITING AND SIGNED BY SECURED PARTY. A waiver on any one occasion shall not be
construed as a bar to or waiver of any right or remedy on any future occasion.

	 	(g)	 	DEBTOR AND SECURED PARTY UNCONDITIONALLY WAIVE THEIR RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION

-10-

 

	 	 	 	BASED UPON OR ARISING OUT OF THIS AGREEMENT, ANY OF THE OTHER DEBT DOCUMENTS, ANY OF
THE INDEBTEDNESS SECURED HEREBY, ANY DEALINGS BETWEEN DEBTOR AND SECURED PARTY
RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION OR ANY RELATED TRANSACTIONS,
AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN DEBTOR AND SECURED PARTY.
THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES
THAT MAY BE FILED IN ANY COURT. THIS WAIVER IS IRREVOCABLE. THIS WAIVER MAY NOT BE
MODIFIED EITHER ORALLY OR IN WRITING. THE WAIVER ALSO SHALL APPLY TO ANY SUBSEQUENT
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT, ANY OTHER DEBT
DOCUMENTS, OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THIS TRANSACTION OR
ANY RELATED TRANSACTION. THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A
TRIAL BY THE COURT.

8. MISCELLANEOUS.

	 	(a)	 	This Agreement, any Note and/or any of the other Debt Documents may be
assigned, in whole or in part, by Secured Party with written notice to Debtor, and
Debtor agrees not to assert against any such assignee, or assignee’s assigns, any
defense, set-off, recoupment claim or counterclaim which Debtor has or may at any time
have against Secured Party for any reason whatsoever. Debtor agrees that if Debtor
receives written notice of an assignment from Secured Party, Debtor will pay all
amounts payable under any assigned Debt Documents to such assignee or as instructed by
Secured Party. Debtor also agrees to confirm in writing receipt of the notice of
assignment as may be reasonably requested by Secured Party or assignee.
	 
	 	(b)	 	All notices to be given in connection with this Agreement shall be in writing,
shall be addressed to the parties at their respective addresses set forth in this
Agreement (unless and until a different address may be specified in a written notice to
the other party), and shall be deemed given (i) on the date of receipt if delivered in
hand or by facsimile transmission, (ii) on the next business day after being sent by
express mail, and (iii) on the fourth business day after being sent by regular,
registered or certified mail. As used herein, the term “business day” shall mean and
include any day other than Saturdays, Sundays, or other days on which commercial banks
in New York, New York are required or authorized to be closed.
	 
	 	(c)	 	Secured Party may correct patent errors and fill in all blanks in this
Agreement or in any Collateral Schedule consistent with the agreement of the parties,
subject to review by Debtor.
	 
	 	(d)	 	Time is of the essence of this Agreement. This Agreement shall be binding,
jointly and severally, upon all parties and their respective heirs, executors,

-11-

 

	 	 	 	representatives, successors and assigns, and shall inure to the benefit of all
parties, their respective successors and assigns.

	 	(e)	 	This Agreement and its Collateral Schedules constitute the entire agreement
between the parties with respect to the subject matter of this Agreement and supersede
all prior understandings (whether written, verbal or implied) with respect to such
subject matter. THIS AGREEMENT AND ITS COLLATERAL SCHEDULES SHALL NOT BE CHANGED OR
TERMINATED ORALLY OR BY COURSE OF CONDUCT, BUT ONLY BY A WRITING SIGNED BY BOTH
PARTIES. Section headings contained in this Agreement have been included for
convenience only, and shall not affect the construction or interpretation of this
Agreement.
	 
	 	(f)	 	This Agreement shall continue in full force and effect until all of the
Indebtedness has been paid in full to Secured Party or its assignee. The surrender,
upon payment or otherwise, of any Note or any of the other documents evidencing any of
the Indebtedness shall not affect the right of Secured Party to retain the Collateral
for such other Indebtedness as may then exist or as it may be reasonably contemplated
will exist in the future. This Agreement shall automatically be reinstated if Secured
Party is ever required to return or restore the payment of all or any portion of the
Indebtedness (all as though such payment had never been made).
	 
	 	(g)	 	DEBTOR AGREES THAT SECURED PARTY AND/OR ITS SUCCESSORS AND ASSIGNS SHALL HAVE
THE OPTION BY WHICH STATE LAWS THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED: (A) THE
LAWS OF THE COMMONWEALTH OF VIRGINIA; OR (B) IF COLLATERAL HAS BEEN PLEDGED TO SECURE
THE LIABILITIES, THEN BY THE LAWS OF THE STATE OR STATES WHERE THE COLLATERAL IS
LOCATED, AT SECURED PARTY’S OPTION. THIS CHOICE OF STATE LAWS IS EXCLUSIVE TO THE
SECURED PARTY. DEBTOR SHALL NOT HAVE ANY OPTION TO CHOOSE THE LAWS BY WHICH THIS
AGREEMENT SHALL BE GOVERNED. DEBTOR ACKNOWLEDGES THAT THIS AGREEMENT IS BEING SIGNED
BY THE SECURED PARTY IN PARTIAL CONSIDERATION OF SECURED PARTY’S RIGHT TO ENFORCE IN
THE JURISDICTION STATED ABOVE. DEBTOR CONSENTS TO JURISDICTION IN THE CITY OF
ALEXANDRIA AND/OR FAIRFAX AND/OR ARLINGTON COUNTIES IN THE COMMONWEALTH OF VIRGINIA OR
THE STATE IN WHICH ANY COLLATERAL IS LOCATED AND VENUE IN ANY FEDERAL OR STATE COURT IN
THE CITY OF ALEXANDRIA AND/OR FAIRFAX AND/OR ARLINGTON COUNTIES IN THE COMMONWEALTH OF
VIRGINIA OR THE STATE IN WHICH COLLATERAL IS LOCATED FOR SUCH PURPOSES AND WAIVES ANY
AND ALL RIGHTS TO CONTEST SAID JURISDICTION AND VENUE AND ANY OBJECTION THAT SAID
COUNTY IS NOT CONVENIENT. DEBTOR WAIVES ANY RIGHTS TO COMMENCE ANY ACTION AGAINST
SECURED PARTY IN ANY JURISDICTION EXCEPT

-12-

 

	 	 	 	VIRGINIA, OR IF SECURED PARTY CHOOSES TO LITIGATE IN A STATE WHERE COLLATERAL IS
LOCATED AND IN THE POSSESSION OF DEBTOR. THEN IN SUCH COUNTY AND STATE. SECURED
PARTY AND DEBTOR HEREBY EACH EXPRESSLY WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THE PARTIES AGAINST ANY
OTHER PARTY WITH RESPECT TO ANY MATTER WHATSOEVER RELATING TO, ARISING OUT OF OR IN
ANY WAY CONNECTED WITH THE LOAN, THE DOCUMENTS AND/OR THE TRANSACTIONS WHICH ARE THE
SUBJECT OF THE DOCUMENTS.

     IN WITNESS WHEREOF, Debtor and Secured Party, intending to be legally bound hereby, have duly
executed this Agreement in one or more counterparts, each of which shall be deemed to be an
original, as of the day and year first aforesaid.

	 	 	 	 	 	 	 	 	 
	SECURED PARTY:	 	 	 	DEBTOR:
	 

	 	 	 	 	 	 	 	 
	Oxford Finance Corporation	 	 	 	Iomai Corporation
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Michael J. Altenburger
	 	 	 	By:
	 	/s/ Stanley C. Erck
	 

	 	 	 	 

	Name:

	 	Michael J. Altenburger
	 	 	 	Name:
	 	Stanley C. Erck
	 

	 	 	 	 

	Title:

	 	Chief Financial Officer
	 	 	 	Title:
	 	 President and CEO
	 

	 	 	 	 

-13-exv10w10w2

 

EX
10.10.2

EXECUTION VERSION

PROMISSORY NOTE

To Master Security Agreement No. 3081038

 

[Date]

FOR VALUE RECEIVED, Iomai Corporation a Delaware corporation, located at the address
stated below (“Maker") promises, jointly and severally if more than one, to pay to the order of
Oxford Finance Corporation or any subsequent holder hereof (each a “Payee") at its office located
at 133 N. Fairfax Street, Alexandria, VA 22314 or at such other place as Payee or the holder hereof may designate, the
principal sum of ________________Dollars ($________________), with interest on the unpaid principal balance, from the date hereof through and including the
dates of payment, at a fixed interest rate of ________________  percent (________________%) per annum, in ________________ ( ________________ ) consecutive
________________ installments of principal and interest as follows:

	 	 	 
	Periodic	 	 
	Installment	 	Amount
	1-_____
	 	$_____

each (“Periodic Installment”) and a final installment which shall be in the amount of the total
outstanding principal and interest The first and last Periodic
Installment shall be due and payable on ________________ and the following Periodic Installments and the final
installment shall be due and payable on the same day of each
succeeding ________________ (each, a “Payment Date”). Such installments have been calculated on
the basis of a 360-day year of twelve 30-day months.

The acceptance by Payee of any payment which is less than payment in full of all amounts due and
owing at such time shall not constitute a waiver of Payee’s right to receive payment in full at
such time or at any prior or subsequent time.

The Maker hereby expressly authorizes the Payee to insert the date value is actually given in the
blank space on the face hereof and on all related documents pertaining hereto; subject to review
by Maker.

This Note may be secured by a security agreement (including the Master Security Agreement between
Payee and Maker dated as of September  , 2003) (the “Master Security Agreement”), chattel
mortgage, pledge agreement or like instrument (each of which is hereinafter called a “Security
Agreement” and any Security Agreement, this Note and any other document evidencing or securing the
loan hereunder is called a “Debt Document”).

Time is of the essence hereof. If any periodic installment due under this Note or any Security
Agreement is not received when due, the Maker agrees to pay, in addition to the amount of each
such periodic installment, a late payment charge of three percent (3%) of the amount of said
installment, but not exceeding any lawful maximum. If (i) Maker fails to make payment of any
amount due hereunder, or (ii) Maker is in default under, or fails to perform under any term or
condition contained in any Security Agreement, then the entire principal sum remaining unpaid,
together with all accrued interest thereon and any other sum payable under this Note or any
Security Agreement, at the election of Payee, shall immediately become due and payable, with
interest thereon at the lesser of thirteen percent (13%) per annum or the highest rate not
prohibited by applicable law from the date of such accelerated maturity until paid (both before
and after any judgment).

This Note may be prepaid by Maker in the manner and under the terms and conditions set forth in the
Master Security Agreement.

The Maker and all sureties, endorsers, guarantors or any others (each such person, other than the
Maker, an “Obligor”) who may at any time become liable for the payment hereof jointly and
severally consent hereby to any and all extensions of time, renewals, waivers or modifications of,
and all substitutions or releases of, security or of any party primarily or secondarily liable on
this Note or any Security Agreement or any term and provision of either, which may be made,
granted or consented to by Payee, and agree that suit may be brought and maintained against any
one or more of them, at the election of Payee without joinder of any other as a party thereto, and
that Payee shall not be required first to foreclose, proceed against, or exhaust any security
hereof in order to enforce payment of this Note. The Maker and each Obligor hereby waives
presentment, demand for payment, notice of nonpayment, protest, notice of protest, notice of
dishonor, and all other notices in connection herewith, as well as filing of suit (if permitted by
law) and diligence in collecting this Note or enforcing any of the security hereof, and agrees to
pay (if and to the extent permitted by law) all expenses incurred in collection, including Payee’s
reasonable attorneys’ fees.-Maker-and each Obligor agrees that fees not in excess of ten percent
(10%) of the amount then due shall be deemed reasonable.

Maker and Payee intend to strictly comply with all applicable federal and Virginia laws, including
applicable usury laws (or the usury laws of any jurisdiction whose usury laws are deemed to apply
to the Note or any other Debt Document despite the intention and desire of the parties to apply
the usury laws of the Commonwealth of Virginia). Accordingly, the provisions of this paragraph
shall govern and control over every other provision of this Note or any other Debt Document which
conflicts or is inconsistent with this Section, even if such provision declares that it controls.
As used in this paragraph, the term “interest” includes the aggregate of all charges, fees,
benefits or other compensation which constitute interest under applicable law, provided
that, to the maximum extent permitted by applicable law, (a) any non-principal payment shall be
characterized as an expense or as compensation for something other than the use,

 

 

forbearance or detention of money and not as interest, and (b) all interest at any time contracted
for, reserved, charged or received shall be amortized, prorated, allocated and spread, in equal
parts during the full term of the obligations. In no event shall Maker or any other person be
obligated to pay, or Payee have any right or privilege to reserve, receive or retain, (a) any
interest in excess of the maximum amount of non-usurious interest permitted under the laws of the
Commonwealth of Virginia or the applicable laws (if any) of the United States or of any other
state, or (b) total interest in excess of the amount which Payee could lawfully have contracted
for, reserved, received, retained or charged had the interest been calculated for the full term of
the obligations. On each day, if any, that the interest rate (the “Stated Rate* called for
under this Note or any other Debt Document exceeds the maximum non-usurious rate, the rate at which
interest shall accrue shall automatically be fixed by operation of this sentence at the maximum
non-usurious rate for that day. Thereafter, interest shall accrue at the Stated Rate unless and
until the Stated Rate again exceeds the maximum non-usurious rate, in which case, the provisions of
the immediately preceding sentence shall again automatically operate to limit the interest accrual
rate to the maximum non-usurious rate. The daily interest rates to be used in calculating interest
at the maximum non-usurious rate shall be determined by dividing the applicable maximum
non-usurious rate by the number of days in the calendar year for which such calculation is being
made. None of the terms and provisions contained in this Note or in any other Debt Document which
directly or indirectly relate to interest shall ever be construed without reference to this
paragraph, or be construed to create a contract to pay for the use, forbearance or detention of
money at an interest rate in excess of the maximum non-usurious rate. If the term of any obligation
is shortened by reason of acceleration of maturity as a result of any Default or by any other
cause, or by reason of any required or permitted prepayment, and if for that (or any other) reason
Payee at any time, including but not limited to, the stated maturity, is owed or receives (and/or
has received) interest in excess of interest calculated at the maximum non-usurious rate, then and
in any such event all of any such excess interest shall be canceled automatically as of the date of
such acceleration, prepayment or other event which produces the excess, and, if such excess
interest has been paid to Payee, it shall be credited pro tanto against the
then-outstanding principal balance of Maker’s obligations to Payee, effective as of the date or
dates when the event occurs which causes it to be excess interest, until such excess is exhausted
or all of such principal has been fully paid and satisfied, whichever occurs first, and any
remaining balance of such excess shall be promptly refunded to its payor.

THE MAKER HEREBY UNCONDITIONALLY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THIS NOTE, ANY OF THE RELATED DOCUMENTS, ANY
DEALINGS BETWEEN MAKER AND PAYEE RELATING TO THE SUBJECT MATTER OF
THIS TRANSACTION OR ANY RELATED TRANSACTIONS, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN MAKER AND PAYEE. THE SCOPE OF THIS
WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT,
(INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER
COMMON LAW AND STATUTORY CLAIMS.) THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED
EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS NOTE, ANY RELATED DOCUMENTS, OR TO ANY OTHER DOCUMENTS OR
AGREEMENTS RELATING TO THIS TRANSACTION OR ANY RELATED TRANSACTION. IN THE EVENT OF LITIGATION,
THIS NOTE MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

This Note and any Security Agreement constitute the entire agreement of the Maker and Payee with
respect to the subject matter hereof and supercedes all prior understandings, agreements and
representations, express or implied.

No variation or modification of this Note, or any waiver of any of its provisions or conditions,
shall be valid unless in writing and signed by an authorized representative of Maker and Payee.
Any such waiver, consent, modification or change shall be effective only in the specific instance
and for the specific purpose given.

Any provision in this Note or any Security Agreement which is in conflict with any statute, law
or applicable rule shall be deemed omitted, modified or altered to conform thereto.

Upon receipt of an affidavit of an officer of Payee as to the loss, theft, destruction or
mutilation of this Note or any Debt Document which is not of public record, and, in the case of
any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Note or
other Debt Document, Maker will issue, in lieu thereof, a replacement Note or other Debt Document
in the same principal amount thereof and otherwise of like tenor.

It is understood and agreed that this Note and all of the Debt Documents were negotiated and have
been or will be delivered to Payee in the Commonwealth of Virginia, which State the parties agree
has a substantial relationship to the parties and to the underlying transactions embodied by this
Note and the Debt Documents. Maker agrees to furnish to Payee at Payee’s office in Alexandria, VA,
all further instruments, certifications and documents to be furnished hereunder. The parties also
agree that if collateral is pledged to secure the debt evidenced by this Note, that the state or
states in which such collateral is located each have a substantial relationship to the parties and
to the underlying transaction embodied by this Note and the Debt Documents.

MAKER
AGREES THAT THE HOLDER OF THIS NOTE SHALL HAVE THE OPTION BY WHICH
STATE LAWS THIS NOTE SHALL BE GOVERNED AND CONSTRUED: (A) THE LAWS OF THE COMMONWEALTH OF VIRGINIA; OR (B) IF COLLATERAL HAS BEEN
PLEDGED TO SECURE THE DEBT EVIDENCED BY THIS NOTE, THEN BY THE LAWS OF THE STATE OR STATES
WHERE THE COLLATERAL IS LOCATED, AT HOLDER’S OPTION. THIS CHOICE OF STATE LAWS IS EXCLUSIVE TO
THE HOLDER OF THIS NOTE. MAKER SHALL NOT HAVE ANY OPTION TO CHOOSE THE LAWS BY WHICH THIS NOTE
SHALL BE GOVERNED. MAKER AND GUARANTORS HEREBY CONSENT TO THE EXERCISE OF JURISDICTION OVER IT BY
ANY FEDERAL COURT SITTING IN THE CITY OF ALEXANDRIA AND/OR FAIRFAX AND/OR ARLINGTON COUNTIES,
VIRGINIA, FOR THE PURPOSES OF ANY AND ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THE
NOTE, THE LOAN AGREEMENT AND ALL OTHER DOCUMENTS. MAKER AND GUARANTORS IRREVOCABLY WAIVE, TO
THE FULLEST EXTENT

 

 

PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY
SUCH PROCEEDING BROUGHT IN ANY SUCH COURT, ANY CLAIM BASED ON THE CONSOLIDATION OF PROCEEDINGS IN
SUCH COURTS IN WHICH PROPER VENUE MAY LIE IN DIVERGENT JURISDICTIONS, AND ANY CLAIM THAT ANY SUCH
PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. MAKER AND GUARANTORS
HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE, THE OTHER DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED THEREBY.

Confession of Judgment. In the event that this Note or any installment under this Note is
not paid when due, whether by maturity or acceleration, Maker hereby appoints and constitutes
Cindi E. Cohen and Lauri E. Cleary, either of whom may act (a Virginia attorney) as Maker’s duly
constituted attorney-in-fact to confess judgment pursuant to the provisions of Section 8.01-431
et seq. of the Code of Virginia of 1950, as amended, against Maker for all principal and
interest due and payable under this Note, together with attorneys’ fees and collection fees as
provided in this Note (to the extent permitted by law), which judgment shall be confessed in the
Clerk’s Office of the Circuit Court of the City of Alexandria and/or Fairfax and/or Arlington
Counties, Virginia. Maker shall, upon Payee’s request, name such additional or alternative persons
designated by Payee as Maker’s duly constituted attorney-in-fact to confess judgment against Maker
pursuant to the above Section. No single exercise of the power to confess judgment shall be deemed
to exhaust the power and no judgment against fewer than all the persons constituting Maker shall
bar any subsequent action or judgment against any one or more of such persons against whom
judgment has not been obtained on this Note.

	 	 	 	 	 	 	 
	 	 	 	 	Iomai Corporation
	 
	 	 	 	 	 	 
	

	 	 	 	By:_________________________________________
	 	 	 	 	 
	(Witness)
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	

	 	 	 	Name:_________________________________________
	 	 	 	 	 
	(Print name)
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	

	 	 	 	Title:_________________________________________
	 	 	 	 	 
	(Address)
	 	 	 	 	 	 
	 	 	 	 	Federal Tax ID #:
	 
	 	 	 	 	 	 
	

	 	 	 	Address:
	  20 Firstfield Rd., Suite 250
	

	 	 	 	 	  Gaithersburg, MD 20878

 

 

Oxford Finance Corporation Promissary Note Schedule

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Date	 	 	Principal	 	 	Term (mos.)	 	 	Interest Rate	 	 	Monthly Payment	 
	Note #1
	 	 	9/26/2003	 	 	 	1,400,000.00	 	 	 	42	 	 	 	8.93	%	 	$	38,648.68	 
	Note #2
	 	 	9/26/2003	 	 	 	72,919.87	 	 	 	48	 	 	 	9.03	%	 	$	1,802.09	 
	Note #3
	 	 	12/30/2003	 	 	 	1,000,000.00	 	 	 	42	 	 	 	9.24	%	 	$	27,743.80	 
	Note #4
	 	 	2/26/2004	 	 	 	213,148.33	 	 	 	48	 	 	 	9.03	%	 	$	5,267.60	 
	Note #5
	 	 	4/30/2004	 	 	 	340,824.27	 	 	 	48	 	 	 	9.48	%	 	$	8,492.32	 
	Note #6
	 	 	6/30/2004	 	 	 	103,392.22	 	 	 	42	 	 	 	10.06	%	 	$	2,906.31	 
	Note #7
	 	 	6/30/2004	 	 	 	780,972.62	 	 	 	48	 	 	 	10.03	%	 	$	19,654.43	 
	Note #8
	 	 	9/30/2004	 	 	 	29,228.10	 	 	 	42	 	 	 	9.58	%	 	$	815.32	 
	Note #9
	 	 	9/30/2004	 	 	 	187,674.67	 	 	 	48	 	 	 	9.40	%	 	$	4,669.53	 
	Note #10
	 	 	11/30/2004	 	 	 	247,145.39	 	 	 	48	 	 	 	9.72	%	 	$	6,184.96	 
	Note #11
	 	 	3/30/2005	 	 	 	70,999.95	 	 	 	48	 	 	 	10.46	%	 	$	1,800.77	 
	Note #12
	 	 	3/30/2005	 	 	 	25,326.72	 	 	 	42	 	 	 	10.70	%	 	$	719.20	 
	Note #13
	 	 	7/27/2005	 	 	 	190,819.70	 	 	 	48	 	 	 	10.32	%	 	$	4,827.55	 
	Note #14
	 	 	7/27/2005	 	 	 	23,437.51	 	 	 	42	 	 	 	10.66	%	 	$	665.13	 
	Note #15
	 	 	9/29/2005	 	 	 	157,782.87	 	 	 	48	 	 	 	10.31	%	 	$	3,990.96	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

9832778

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]