Document:

Filed by Bowne Pure Compliance

Exhibit 10.07

Advanced Technology Materials, Inc.

1995 STOCK PLAN

SECTION 1. Purpose

The purpose of the 1995 Stock Plan (the “Plan”) is to secure for Advanced Technology Materials, Inc. (the “Company”),
its parent (if any) and any subsidiaries of the Company (collectively the “Related Corporations”) the benefits arising
from capital stock ownership and the receipt of capital stock-based incentives by those employees, directors, officers
and consultants of the Company and any Related Corporations who will be responsible for the Company’s future growth and
continued success.

The Plan will provide a means whereby (a) employees of the Company and any Related Corporations may purchase stock
in the Company pursuant to options which qualify as “incentive stock options” (“Incentive Stock Options”) under
Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”); (b) directors, employees and
consultants of the Company and any Related Corporations may purchase stock in the Company pursuant to options granted
hereunder which do not qualify as Incentive Stock Options (“Non-Qualified Options”); (c) directors, employees and
consultants of the Company and any Related Corporations may be awarded stock in the Company (“Awards”); and (d)
directors, employees and consultants of the Company and any Related Corporations may make direct purchases of stock
in the Company (“Purchases”) and (e) directors, employees and consultants of the Company and any Related Corporations
may receive stock appreciation rights (“SARs”). (An SAR is the right to receive, without payment, an amount equal to
the excess, if any, of the fair market value of a share of Common Stock of the date of exercise over the grant price,
which amount will be multiplied by the number of shares with respect to which the SARs shall have been exercised.)
Both Incentive Stock Options and Non-Qualified Options are referred to hereafter individually as an “Option” and
collectively as “Options.” As used herein, the terms “parent” and “subsidiary” mean “parent corporation” and
“subsidiary corporation” as those terms are defined in Section 424 of the Code. Options, Awards, Purchases and
SARs are referred to hereafter individually as a “Plan Benefit” and collectively as “Plan Benefits.”

 

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SECTION 2. Administration

2.1 Board of Directors and the Committee. The Plan will be administered by the Board of Directors of the
Company whose construction and interpretation of the terms and provisions hereof shall be final and conclusive. Any
director to whom a Plan Benefit is awarded shall be ineligible to vote upon his or her Plan Benefit, but Plan Benefits
may be granted to any such director in accordance with Section 2.2. The Board of Directors may in its sole discretion
grant Options, issue shares upon exercise of such Options, grant Awards, approved Purchases and grant SARs, upon
the affirmative vote of the members of the Board of Directors present at a meeting where a quorum is present or upon
the unanimous consent of the Board of Directors, all as provided in the Plan. The Board of Directors shall have
authority, subject to the express provisions of the Plan, to construe the Plan and its related agreements, to
prescribe, amend and rescind rules and regulations relating to the Plan, to determine the terms and provisions
of the respective Option, Award, Purchase and SAR agreements, which need not be identical, and to make all other
determinations in the judgment of the Board of Directors necessary or desirable for the administration of the Plan.
The Board of Directors may correct any defect or supply any omission or reconcile any inconsistency in the Plan
or in any related agreement in the manner and to the extent it shall deem expedient to carry the Plan into effect and
it shall be the sole and final judge of such expediency. No director shall be liable for any action or determination
made in good faith. The Board of Directors may delegate any or all of its powers under the Plan to a Compensation
Committee or other Committee (the “Committee”) appointed by the Board of Directors comprised solely by two or more
members. Members of the Committee shall at all times be: (i) “outside directors” as the term is defined in Prop.
Treas. Reg. §1.162-27(e)(3) (or any successor regulation); and (ii) “disinterested persons” within the meaning of Rule
16b-3 (or any successor rule) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as such
terms are interpreted from time to time. If the Committee is so appointed, all references to the Board of Directors
herein shall mean and relate to such Committee, unless the context otherwise requires.

2.2 Participation by Persons Subject to Section 16 of the Exchange Act.

With respect to the participation in the Plan of any director, officer or stockholder who is subject to Section 16 of
the Exchange Act, his or her selection as a participant and the number of Option, Award or Purchase shares or SARs to
be allocated to such person shall be determined either (i) by the Board of Directors, all of which shall be
“disinterested persons” or (ii) by, or only in accordance with, the recommendations of the Committee, if so appointed.

 

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2.3 Compliance with Section 162(m) of the Code. Section 162(m) of the Code, added by the Omnibus Budget
Reconciliation Act of 1993, generally limits the tax deductibility to publicly held companies of compensation in
excess of $1,000,000 paid to certain “covered employees” (“Covered Employees”). It is the Company’s intention to
preserve the deductibility of such compensation to the extent it is reasonably practicable and to the extent it is
consistent with the Company’s compensation objectives. For purposes of this Plan, Covered Employees of the Company
shall be those employees of the Company described in Section 162(m)(3) of the Code.

SECTION 3. Eligibility

3.1 Incentive Stock Options. Employees of the Company or of any Related Corporation shall be eligible to
receive Incentive Stock Options pursuant to the Plan; provided that no person shall be granted any Incentive Stock
Option under the Plan who, at the time such Option is granted, owns, directly or indirectly, Common Stock of the
Company possessing more than 10% of the total combined voting power of all classes of stock of the Company
or of its Related Corporations, unless the requirements of Section 6.6(b) hereof are satisfied. In determining
whether this 10% threshold has been reached, the stock attribution rules of Section 424(d) of the Code shall apply.
Directors who are not regular employees are not eligible to receive Incentive Stock Options.

3.2 Non-Qualified Options, Awards, Purchases and SARs. Non-Qualified Options, Awards, authorizations to make
Purchases and SARs may be granted to any director (whether or not an employee), officer, employee or consultant of the
Company or any Related Corporation.

3.3 Generally. The Board of Directors may take into consideration a recipient’s individual circumstances in
determining whether to grant an Incentive Stock Option, a Non-Qualified Option, an Award or an SAR or to approve a
Purchase. Granting of any Option or Award or SAR or approval of any Purchase for any individual or entity shall neither
entitle that individual or entity to, nor disqualify that individual or entity from, participation in any other grant
of Options or Awards or SARs or authorizations to make Purchases.

 

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SECTION 4. Stock Subject to Plan

Subject to adjustment as provided in Sections 10 and 11 hereof, the maximum number of shares of the Company’s Common
Stock $.01 par value, which will be reserved for issuance, and in respect of which Options or Awards or SARs may be
granted or Purchases pursuant to the provisions of the Plan, shall not exceed in the aggregate 500,000 shares, except
that such number of shares will be increased by that number of shares as to which options, awards or purchases granted
under the Company’s 1987 Stock Plan may lapse, expire, terminate or be cancelled. Shares available under the Plan may
be authorized and unissued or treasury shares. If an Option or SAR granted hereunder shall expire or terminate for
any reason without having been exercised in full, or if the Company shall reacquire any unvested shares issued
pursuant to Awards or Purchases, the unpurchased shares or expired or terminated SAR shares subject thereto and any
unvested shares so reacquired shall again be available for subsequent grants of Options, SARs and Awards and for
Purchases under the Plan. Stock issued pursuant to the Plan may be subject to such restrictions on transfer,
repurchase rights or other restrictions as shall be determined by the Board of Directors.

SECTION 5. Granting of Options, Awards and SARs and Approval of Purchases

Options, Awards and SARs may be granted and Purchases may be approved under the Plan at any time after approval of the
Plan by the stockholders of the Company and prior to May 24, 2005. The date of grant of an Option, Award or SAR or
approval of a Purchase under the Plan will be the date specified by the Board of Directors at the time the Board of
Directors grants such Option, Award or SAR or approves such Purchase; provided, however, that such date shall not be
prior to the date on which the Board of Directors takes such action. The Board of Directors shall have the right, with
the consent of an optionee, to convert an Incentive Stock Option granted under the Plan to a Non-Qualified Option
pursuant to Section 6.7.

SECTION 6. Special Provisions Applicable to Options and SARs

6.1 Purchase Price and Shares Subject to Options and SARs.

(a) The purchase price per share of stock deliverable upon the exercise of an Option shall be determined by
the Board of Directors, provided, however, that (i) in the case of an Incentive Stock Option, the
exercise price shall not be less than 100% of the fair market value of such stock on the day the Option is granted
(except as modified in Section 6.6(b) hereof), and (ii) in the case of a Non-Qualified Option, the exercise price
shall not be less than 50% of the fair market value of such stock on the day such Option is granted.

 

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(b) Options granted under the Plan may provide for the payment of the exercise price by delivery of (i) cash or a
check payable to the order of the Company in an amount equal to the exercise price of such Options, (ii) shares of
Common Stock of the Company owned by the optionee having a fair market value equal in amount to the exercise price of
the Options being exercised, or (iii) any combination of (i) and (ii). The fair market value of any shares of the
Company’s Common Stock which may be delivered upon exercise of an Option shall be determined by the Board of Directors.

(c) If, at the time an Option is granted under the Plan, the Company’s Common Stock is publicly traded, “fair
market value” shall be determined as of the last business day for which the prices or quotes discussed in this
sentence are available prior to the date such Option is granted (the “Determination Date”) and shall mean (i) the
average (on the Determination Date) of the high and low prices of the Common Stock on the principal national
securities exchange on which the Common Stock is traded, if such Common Stock is then traded on a national securities
exchange; (ii) the last reported sale price (on the Determination Date) of the Common Stock on The Nasdaq National
Market System, if the Common Stock is not then traded on a national securities exchange; or (iii) the closing bid price
(or average of bid prices) last quoted (on the Determination Date) by an established quotation service for
over-the-counter securities, if the Common Stock is not reported on The Nasdaq National Market System. However, if the
Common Stock is not publicly traded at the time an Option is granted under the Plan, “fair market value” shall be
deemed to be the fair value of the Common Stock as determined by the Board of Directors after taking into consideration
all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock
in private transactions negotiated at arm’s length.

(d) The maximum number of shares with respect to which Options or SARs may be granted to any employee, including
any cancellations or repricings which may occur, shall be limited to 75,000 shares in any calendar year.

6.2 Duration of Options and SARs. Subject to Section 6.6(b) hereof, each Option and SAR and all rights
thereunder shall be expressed to expire on such date as the Board of Directors may determine, but in no event later
than ten years from the day on which the Option or SAR is granted and shall be subject to earlier termination as
provided herein.

6.3 Exercise of Options and SARs.

(a) Subject to Section 6.6(b) hereof, each Option and SAR granted under the Plan shall be exercisable at such
time or times and during such period as shall be set forth in the instrument evidencing such Option or SAR; provided
that in no event may an Option or SAR be exercisable prior to six (6) months from the date of grant. To the extent
that an Option or SAR is not exercised by a optionee or recipient when it becomes initially exercisable, it shall not
expire but shall be carried forward and shall be exercisable, on a cumulative basis, until the            expiration of the
exercise period. No partial exercise may be for less than ten (10) full shares of Common Stock (or its equivalent).

 

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(b) The Board of Directors shall have the right to accelerate the date of exercise of any installments of any
Option or SAR; provided that the Board of Directors shall not accelerate the exercise date of any installment of any
Option granted to any employee as an Incentive Stock Option (and not previously converted into a Non-Qualified Option
pursuant to Section 6.7) if such acceleration would violate the annual vesting limitation contained in Section
422(d)(1) of the Code, which provides generally that the aggregate fair market value (determined at the time the
Option is granted) of the stock with respect to which Incentive Stock Options granted to any employee are
exercisable for the first time by such employee during any calendar year (under all plans of the Company and any
Related Corporations) shall not exceed $100,000.

6.4  Non-transferability of Options and SARs. No Option or SAR granted under the Plan shall be assignable or
transferable by the optionee or recipient, either voluntarily or by operation of law, except by will or the laws of
descent and distribution or, with respect to Non-Qualified Options and SARs, pursuant to a qualified domestic relations
order as defined by the Code or Title I of the Employee Retirement Income Securities Act (“ERISA”) or the rules
promulgated thereunder. During the life of the optionee or recipient, the Option or SAR shall be exercisable only by
him or her. If any optionee or recipient should attempt to dispose of or encumber his or her Options or SARs, his or
her interests in such Options or SARs shall terminate.

6.5 Effect of Termination of Employment or Death.

(a) If an optionee or recipient ceases to be employed by the Company or a Related Corporation for any reason,
including retirement but other than death, any Option or SAR granted to such optionee or recipient under the Plan shall
immediately terminate; provided, however, that any portion of such Option or SAR which was otherwise
exercisable on the date of termination of the optionee’s or recipient’s employment may be exercised within the
three-month period following the date on which the optionee or recipient ceased to be so employed, but in no event
after the expiration of the exercise period. Any such exercise may be made only to the extent of the number of shares
subject to the Option or SAR which were purchasable or exercisable on the date of such termination of employment. If
the optionee or recipient dies during such three-month period, the option or SAR shall be exercisable by the optionee’s
or recipient’s personal representatives, heirs or legatees to the same extent and during the same period that the
optionee or recipient could have exercised the Option or SAR on the date of his or her death.

 

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(b) If the optionee or recipient dies while an employee of the Company or any Related Corporation, any Option or
SAR granted to such optionee under the Plan shall be exercisable by optionee’s or recipient’s personal representatives,
heirs or legatees, for the purchase of or exercise relative to that number of shares and to the same extent that the
optionee or recipient could have exercised the Option or SAR on the date of his or her death. The Option or SAR or any
unexercised portion thereof shall terminate unless so exercised prior to the earlier of the expiration of six months
from the date of such death or the expiration of the exercise period.

6.6 Designation of Incentive Stock Options; Limitations. Options granted under the Plan which are intended to
be Incentive Stock Options qualifying under Section 422 of the Code shall be designated as Incentive Stock Options and
shall be subject to the following additional terms and conditions:

(a) Dollar Limitation. The aggregate fair market value (determined at the time the option is granted) of the
Common Stock for which Incentive Stock Options are exercisable for the first time during any calendar year by any
person under the Plan (and all other incentive stock option plans of the Company and any Related Corporations) shall
not exceed $100,000. In the event that Section 422(d)(1) of the Code is amended to alter the limitation set forth
therein so that following such amendment such limitation shall differ from the limitation set forth in this Section
6.6(a), the limitation of this Section 6.6(a) shall be automatically adjusted accordingly.

(b) 10% Stockholder. If any employee to whom an Incentive Stock Option is to be granted pursuant to the
provisions of the Plan is on the date of grant the owner of stock possessing more than 10% of the total combined voting
power of all classes of stock of the Company or any Related Corporations, then the following special provisions shall
be applicable to the Incentive Stock Option granted to such individual:

(i) The option price per share of the Common Stock subject to such Incentive Stock Option shall not be less than
110% of the fair market value of one share of Common Stock on the date of grant; and

(ii) The option exercise period shall not exceed five years from the date of grant.

In determining whether the 10% threshold has been reached, the stock attribution rules of Section 424(d) of the
Code shall apply.

(c) Except as modified by the preceding provisions of this Section 6.6, all of the provisions of the Plan shall be
applicable to Incentive Stock Options granted hereunder.

 

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6.7 Conversion of Incentive Stock Options into Non-Qualified Options; Termination of Incentive Stock
Options.

The Board of Directors, at the written request of any optionee, may in its discretion take such actions as may be
necessary to convert such optionee’s Incentive Stock Options (or any installments or portions of installments thereof)
that have not been exercised on the date of conversion into Non-Qualified Options at any time prior to the expiration
of such Incentive Stock Options, regardless of whether the optionee is an employee of the Company or a Related
Corporation at the time of such conversion. Such actions may include, but not be limited to, extending the exercise
period or reducing the exercise price of the appropriate installments of such Options. At the time of such conversion,
the Board of Directors (with the consent of the optionee) may impose such conditions on the exercise of the resulting
Non-Qualified Options as the Board of Directors in its discretion may determine, provided that such conditions shall
not be inconsistent with the Plan. Nothing in the Plan shall be deemed to give any optionee the right to have such
optionee’s Incentive Stock Options converted into Non-Qualified Options, and no such conversion shall occur until and
unless the Board of Directors takes appropriate action. The Board of Directors, with the consent of the optionee, may
also terminate any portion of any Incentive Stock Option that has not been exercised at the time of such termination.

6.8 Stock Appreciation Rights. The grant of SARs under the Plan shall be subject to the following terms and
conditions and shall contain such additional terms and conditions, not inconsistent with the express terms of the Plan,
as the Board of Directors shall deem desirable:

(a) Grant. SARs may be granted in tandem with, in addition to or completely independent of any Plan Benefit.

(b) Grant Price. The grant price of an SAR may be the fair market value of a share of Common Stock on the date of
grant or such other price as the Board of Directors may determine.

(c) Exercise. An SAR may be exercised by a recipient in accordance with procedures established by the Board of
Directors or as otherwise provided in any agreement evidencing any SARs, except that in no event shall an SAR be
exercisable with the first six (6) months after the date of grant. The Board of Directors may provide that an SAR
shall be automatically exercised on one or more specified dates.

(d) Form of Payment. Payment upon exercise of an SAR may be made in cash, in shares of Common Stock or any
combination thereof, as the Board of Directors shall determine.

 

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(e) Fair Market Value. Fair market value shall be determined in accordance with Section 6.1(c) with the
“Determination Date” being the date of grant or the date of exercise of an SAR, as applicable.

6.9 Rights as a Stockholder. The holder of an Option or SAR shall have no rights as a stockholder with respect
to any shares covered by the Option or SAR until the date of issue of a stock certificate to him or her for shares of
Common Stock. Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other
rights for which the record date is prior to the date such stock certificate is issued.

6.10 Special Provisions Applicable to Non-Qualified Options and SARs

Granted to Covered Employees. In order for the full value of Non-Qualified Options and SARs granted to Covered
Employees to be deductible by the Company for federal income tax purposes, the Company may intend for such
Non-Qualified Options and SARs to be treated as “qualified performance-based compensation” as described in Prop.
Treas. Reg. §1.162-27(e) (or any successor regulation). In such case, Non-Qualified Options and SARs granted to
Covered Employees shall be subject to the following additional requirements:

(a) such options and rights shall be granted only by the Committee;

and

(b) the exercise price of such Options and the grant price of such SARs granted shall in no event be less
than the fair market value of the Common Stock as of the date of grant of such Options or SARs.

SECTION 7. Special Provisions Applicable to Purchases

All approvals of Purchases which provide that the Company has a right to repurchase the shares subject to such Purchase
(the “Restricted Shares”) shall be subject to the terms and conditions set forth in the related agreement (the “Stock
Restriction Agreement”) approved by the Board of Directors, and shall be subject to the other terms and conditions of
the Section 7.

 

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7.1 Conditions. All approvals of Purchases shall be subject to the following conditions:

(a) Prior to the issuance and transfer of Restricted Shares, the purchaser shall pay to the Company the purchase
price (the “Purchase Price”) of the Restricted Shares in cash or in such other manner as shall be as approved by the
Board of Directors.

(b) Restricted Shares issued and transferred to a purchaser may, if required by the Board of Directors, be
deposited with the Treasurer of other officer of the Company designated by the Board of Directors to be held until the
lapse of the restrictions upon such Restricted Shares, and each purchaser shall execute and deliver to the Company
stock powers enabling the Company to exercise its rights hereunder.

(c) Certificates for Restricted Shares shall, if the Company shall deem it advisable, bear a legend to the effect
that they are issued subject to specified restrictions.

(d) Certificates representing the Restricted Shares shall be registered in the name of the purchaser and shall be
owned by such purchaser. Such purchaser shall be the holder of record of such Restricted Shares for all purposes,
including voting and receipt of dividends paid with respect to such Restricted Shares.

7.2 Non-transferability. A purchaser’s Restricted Shares may not be sold, assigned, transferred,
alienated, commuted, anticipated, or otherwise disposed of (except, subject to the provisions of such purchaser’s Stock
Restriction Agreement, by will or the laws of descent and distribution or pursuant to a qualified domestic relation
order as defined by the Code or Title I of ERISA or the rules promulgated thereunder), or pledged or hypothecated as
collateral for a loan or as security for the performance of any obligation, or be otherwise encumbered, and are not
subject to attachment, garnishment, execution or other legal or equitable process, prior to the lapse of restrictions
on such Restricted Shares, and any attempt at action in contravention of this Section shall be null and void. If any
purchaser should attempt to dispose of or encumber his or her Restricted Shares prior to the lapse of the restrictions
imposed on such Restricted Shares, his or her interest in the Restricted Shares awarded to him or her shall terminate.
In addition to the foregoing restrictions, a purchaser may not dispose of Restricted Shares prior to six (6) months
from the date of purchase, and the certificate(s) evidencing such shares shall bear a legend to that effect.

SECTION 8. Special Provisions Applicable to Awards

A recipient of an Award may not transfer the shares of Common Stock received pursuant to such Award for a period
of six (6) months from the date of grant of such Award, and the certificate(s) evidencing such shares shall bear a
legend to that effect.

 

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SECTION 9. Requirements of Law

9.1 Violations of Law. No shares shall be issued and delivered upon exercise of any Option or the making of
any Award or Purchase or the payment of any SAR unless and until, in the opinion of counsel for the Company, any
applicable registration requirements of the Securities Act of 1933, any applicable listing requirements of any national
securities exchange on which stock of the same class is then listed, and any other requirements of law or of any
regulatory bodies having jurisdiction over such issuance and delivery, shall have been fully complied with. Each
optionee, grantee and purchaser may, by accepting an Option or Award or SAR or making a Purchase, be required to
represent and agree in writing, for himself or herself and for his or her transferees by will or the laws of descent
and distribution, that the stock acquired by him, her or them is being acquired for investment. The requirement for
any such representation may be waived at any time by the Board of Directors.

9.2 Compliance with Rule 16b-3. The intent of this Plan is to qualify for the exemption provided by Rule 16b-3
under the Exchange Act. To the extent any provision of the Plan does not comply with the requirements of Rule 16b-3, it
shall be deemed inoperative to the extent permitted by law and deemed advisable by the Board of Directors and shall
not affect the validity of the Plan. In the event Rule 16b-3 is revised or replaced, the Board of Directors may
exercise discretion to modify this Plan in any respect necessary to satisfy the requirements of the revised
exemption or its replacement.

SECTION 10. Recapitalization

In the event that dividends are payable in Common Stock of the Company or in the event there are splits, sub-divisions
or combinations of shares of Common Stock of the Company, the number of shares available under the Plan shall be
increased or decreased proportionately, as the case may be, and the number of shares deliverable upon the exercise
thereafter of any Option previously granted shall be increased or decreased proportionately, as the case may be,
without change in the aggregate purchase price, and the number of shares to which granted SARs relate shall be
increased or decreased proportionately, as the case may be, and the grant price of such SARs shall be decreased or
increased proportionately, as the case may be.

 

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SECTION 11. Reorganization

In case the Company is merged or consolidated with another corporation and the Company is not the surviving
corporation, or, in case the property or stock of the Company is acquired by any other corporation, or in case of a
reorganization or liquidation of the Company, the Board of Directors of the Company, or the board of directors of any
corporation assuming the obligations of the Company hereunder, shall, as to outstanding Options and SARs, (i) make
appropriate provision for the protection of any such outstanding Options or SARs by the substitution on an equitable
basis of appropriate stock of the Company or of the merged, consolidated or otherwise reorganized corporation which
will be issuable or exercisable in respect of the shares of Common Stock of the Company, provided only that the excess
of the aggregate fair market value of the shares subject to the Options and SARs immediately after such substitution
over the purchase or grant price thereof is not more than the excess of the aggregate fair market value of the shares
subject to such Options or SARs immediately before such substitution over the purchase or grant price thereof, (ii)
upon written notice to the optionees or recipients, provide that all unexercised Options and SARs must be exercised
within a specified number of days of the date of such notice or such Options and SARs will be terminated, or (iii)
upon written notice to the optionees or recipients, provide that the Company or the merged, consolidated or otherwise
reorganized corporation shall have the right, upon the effective date of any such merger, consolidation, sale of
assets or reorganization, to purchase all Options or SARs held by each optionee or recipient and unexercised as of that
date at an amount equal to the aggregate fair market value on such date of the shares subject to the Options or SARs
held by such optionee or recipient over the aggregate purchase or grant price therefor, such amount to be paid in cash
or, if stock of the merged, consolidated or otherwise reorganized corporation is issuable in respect of the shares of
the Common Stock of the Company, then, in the discretion of the Board of Directors, in stock of such merged,
consolidated or otherwise reorganized corporation equal in fair market value to the aforesaid amount. In any such case
the Board of Directors shall, in good faith, determine fair market value and may, in its discretion, advance the lapse
of any waiting or installment periods and exercise dates.

 

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SECTION 12. No Special Employment Rights

Nothing contained in the Plan or in any Plan Benefit documentation shall confer upon any optionee or recipient or
purchaser of any Plan Benefit any right with respect to the continuation of his or her employment by the Company (or
any Related Corporation) or interfere in any way with the right of the Company (or any Related Corporation), subject
to the terms of any separate employment agreement to the contrary, at any time to terminate such employment or to
increase or decrease the compensation of the optionee, recipient or purchaser from the rate in existence at the time
of the grant of any Plan Benefit. Whether an authorized leave of absence, or absence in military or government service,
shall constitute termination of employment shall be determined by the Board of Directors.

SECTION 13. Amendment of the Plan

The Board of Directors may at any time and from time to time modify or amend the Plan in any respect, except that
without the approval of the stockholders of the Company, the Board of Directors may not (a) materially increase the
benefits accruing to individuals who participate in the Plan, (b) materially increase the maximum number of shares of
stock which may be issued under the Plan (except for permissible adjustments provided in the Plan) or (c) materially
modify the requirements for eligibility for participation in the Plan. The termination or any modification or
amendment of the Plan shall not, without the consent of an optionee, recipient or purchaser of any Plan Benefit, affect
his or her rights under any Plan Benefit previously granted. With the consent of the affected optionee, recipient or
purchaser of any Plan Benefit, the Board of Directors may amend outstanding agreements relating to Plan Benefits, in a
manner not inconsistent with the Plan. The Board of Directors hereby reserves the right to amend or modify the terms
and provisions of the Plan and of any outstanding Options to the extent necessary to qualify any or all Options under
the Plan for such favorable federal income tax treatment (including deferral of taxation upon exercise) as may
be afforded incentive stock options under Section 422 of the Code, provided, however, that the consent of an optionee
is required if such amendment or modification would cause unfavorable income tax treatment for such optionee.

SECTION 14. Withholding

The Company’s obligation to deliver shares of stock upon the exercise of any Option or SAR or the granting of an Award
or making a Purchase and to make payment upon exercise of any SARs shall be subject to the satisfaction by the
optionee, recipient of the SAR or Award or purchaser of all applicable federal, state and local income and employment
tax withholding requirements.

 

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SECTION 15. Effective Date and Duration of the Plan

15.1 Effective Date. The Plan shall become effective when adopted by the Board of Directors and approved by the
stockholders of the Company.

15.2 Duration. Unless sooner terminated in accordance with Section 11 hereof, the Plan shall terminate upon the
earlier of (i) the tenth anniversary of the date of its approval by the stockholders of the Company or (ii) the date on
which all shares available for issuance under the Plan shall have been issued pursuant to any Awards or Purchases or
the exercise or cancellation of Options and SARs granted hereunder. If the date of termination is determined under (i)
above, then Options and SARs outstanding on such date shall continue to have force and effect in accordance with the
provisions of the instruments evidencing such Options & SARs.

 

14Filed by Bowne Pure Compliance

Exhibit 10.10

AGREEMENT OF LEASE

BETWEEN

SEYMOUR R. POWERS, LEON GRISS AND RUTH GRISS

(“LESSOR”)

AND

ADVANCED TECHNOLOGY MATERIALS, INC.

(“LESSEE”)

 

For Premises Located At:

6 Commerce Drive

Danbury, Connecticut 06810

Dated: November __, 2000

 

 

 

Table of Contents

	 	 	 	 	 
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	1. DEFINITIONS
	 	 	4	 
	 
	 	 	 	 
	2. PREMISES
	 	 	6	 
	 
	 	 	 	 
	3. USE AND COMPLIANCE
	 	 	6	 
	 
	 	 	 	 
	4. ENVIRONMENTAL PROVISIONS
	 	 	7	 
	 
	 	 	 	 
	5. FIXED RENT
	 	 	9	 
	 
	 	 	 	 
	6. REAL ESTATE TAXES
	 	 	10	 
	 
	 	 	 	 
	7. INSURANCE AND INDEMNITY
	 	 	11	 
	 
	 	 	 	 
	8. LESSOR’S RIGHT OF ENTRY
	 	 	12	 
	 
	 	 	 	 
	9. REPAIRS AND MAINTENANCE
	 	 	12	 
	 
	 	 	 	 
	10. ALTERATIONS
	 	 	13	 
	 
	 	 	 	 
	11. DAMAGE AND DESTRUCTION
	 	 	15	 
	 
	 	 	 	 
	12. SIGNS
	 	 	16	 
	 
	 	 	 	 
	13. UTILITIES
	 	 	16	 
	 
	 	 	 	 
	14. EMINENT DOMAIN
	 	 	16	 
	 
	 	 	 	 
	15. ASSIGNMENT AND SUBLETTING
	 	 	17	 
	 
	 	 	 	 
	16. LESSEE’S DEFAULT, REMEDIES
	 	 	18	 
	 
	 	 	 	 
	17. WAIVER OF SUMMARY PROCESS
	 	 	19	 
	 
	 	 	 	 
	18. HOLDING OVER
	 	 	19	 
	 
	 	 	 	 
	19. LESSEE’S PERSONALTY
	 	 	19	 
	 
	 	 	 	 
	20. NOTICE
	 	 	20	 
	 
	 	 	 	 
	21. SECURITY DEPOSIT
	 	 	20	 
	 
	 	 	 	 
	22. BROKERAGE
	 	 	20	 
	 
	 	 	 	 
	23. RENEWAL TERMS
	 	 	21	 
	 
	 	 	 	 
	24. END OF TERM
	 	 	21	 
	 
	 	 	 	 
	25. WAIVER
	 	 	21	 
	 
	 	 	 	 
	26. SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE
	 	 	22	 
	 
	 	 	 	 
	27. ESTOPPEL CERTIFICATE
	 	 	22	 
	 
	 	 	 	 
	28. NOTICE OF LEASE
	 	 	22	 
	 
	 	 	 	 
	29. DEFINITION OF LESSOR
	 	 	23	 

 

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	 	 	Page	 
	 
	 	 	 	 
	30. LIMITATION ON LIABILITY
	 	 	23	 
	 
	 	 	 	 
	31. TERMS AND HEADINGS
	 	 	23	 
	 
	 	 	 	 
	32. INVALIDITY
	 	 	23	 
	 
	 	 	 	 
	33. LESSOR’S SIGNS
	 	 	23	 
	 
	 	 	 	 
	34. QUIET ENJOYMENT
	 	 	24	 
	 
	 	 	 	 
	35. LESSOR’S DEFAULT
	 	 	24	 
	 
	 	 	 	 
	36. ATTORNEY’S FEES
	 	 	24	 
	 
	 	 	 	 
	37. ACCORD AND SATISFACTION
	 	 	25	 
	 
	 	 	 	 
	38. BINDING EFFECT
	 	 	25	 
	 
	 	 	 	 
	39. ENTIRE AGREEMENT AND GOVERNING LAW
	 	 	25	 

 

-3-

 

THIS AGREEMENT OF LEASE (this “Lease”) made as of the
 _____ 

day of November, 2000, by and
between SEYMOUR R. POWERS, LEON GRISS and RUTH GRISS, individuals, with an office address c/o M&M
Realty, Commerce Park, P.O. Box 581, 7 Finance Drive, Danbury, Connecticut 06810 (together, the
“Lessor”) and ADVANCED TECHNOLOGY MATERIALS, INC., a corporation organized and existing under the
laws of the State of Delaware with an office address at 6 Commerce Drive, Danbury, Connecticut
06810 (the “Lessee”).

WITNESSETH AS FOLLOWS:

1. DEFINITIONS.

1.1. As used in this Lease, the following words and phrases shall have the meaning indicated:

(a) “Additional Rent”: All amounts payable by Lessee to Lessor under this Lease other than
Fixed Rent, whether or not expressly stated to constitute Additional Rent.

(b) “Affiliate(s)”: As to any Person, any other person which Controls or is under common
Control with, or is Controlled by such Person.

(c) “Building”: That building containing approximately 31,300 rentable square feet and known
as 6 Commerce Drive, Danbury, Connecticut 06810.

(d) “Business Day”: Any day other than:

(i) A Saturday or Sunday; or

(ii) A federal or state holiday.

(e) “Commencement Date”: The first (1st) day of January, 2001.

(f) “Control(s)(led)”: The direct or indirect ownership of more than fifty (50%) percent of
all the voting stack of a corporation or more than fifty (50%) percent of the legal and equitable
interests in any other type of business entity.

(g) “Fee Mortgagee”: Any holder of a loan secured by a mortgage on, or deed of trust with
respect to, Lessor’s fee simple interest in the Building and/or the Premises or any part thereof,
now or hereafter existing.

(h) “Fixed Rent”: The annual rent described in Section 5 of this Lease.

(i) “Governmental Entity”: Any federal, state, county, village, township or local government
or quasi-government agency, department, office, board or bureau having jurisdiction over the
Premises or any portion thereof.

(j) “Initial Term”: A period commencing on the Commencement Date and ending on the 30th day of
June, 2006.

 

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(k) “Laws”: All laws, statutes, ordinances, rules, regulations, orders, restrictions and other
requirements of any Governmental Entities, present or future, having jurisdiction over or affecting
the Premises or the terms and conditions of this Lease, including, (without limitation), the
Americans with Disabilities Act, as the same may be amended from time to time.

(l) “Lease Year”:

(i) The twelve (12) month period commencing on the Commencement Date; and

(ii) Each twelve (12) month period commencing on each anniversary of the Commencement Date.

(m) “Lessee’s Personalty”: Those items of Lessee’s personal property now or hereafter situated
at the Premises and more particularly described in Section 19 below.

(n) “permits”: All licenses, permits and other written authorizations necessary to permit the
construction, development, ownership, use and occupancy of the Premises in full compliance with the
Laws.

(o) “Person”: A natural person, a partnership, a corporation or any other form of business or
legal association or entity.

(p) “Premises”: The Building and the real property upon which the Building is situated,
together with any other improvements constructed thereon, which real property is more particularly
described in Exhibit A attached hereto and made a part hereof.

(q) “Real Estate Taxes”: All taxes, assessments, water and sewer rents, and other charges
levied upon the ownership of the Premises by any public or quasi-public authority having
jurisdiction. Subject to Section 6.5 below, Real Estate Taxes shall not include any inheritance,
estate, succession, transfer, gift, franchise, corporation, income or profit tax, or capital levy
or taxes, license fees or other charges on the Rent received by Lessor.

(r) “Renewal Option”: Lessee’s option to lease the Premises for the Renewal Terms, as
described in Section 23 below.

(s) “Renewal Term”: Two (2) further consecutive terms of five (5) years each following the
Initial Term in the event that Lessee shall exercise either or both Renewal Options.

(t) “Rent”: The Fixed Rent and the Additional Rent together.

Certain other words and phrases
are defined elsewhere in this Lease, and are indicated by the use of initial capital letters.

 

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2. PREMISES.

2.1. In consideration of the Rent hereby reserved and the covenants herein contained and on
the part of Lessee to be paid, performed and observed, and expressly subject to the provisions of
Section 2.5 below, Lessor does hereby demise and lease
unto Lessee, and Lessee hereby hires from Lessor, the Premises, for the Initial Term, unless sooner
terminated pursuant to any provision of this Lease or pursuant to law.

2.2. It is agreed, stipulated and understood that subject to Section 2.3 below, Lessee hereby
accepts the Premises absolutely and irrevocably in an “as is” and “with all faults” condition, and
Lessee hereby expressly warrants and stipulates that except as may be hereinafter set out, neither
Lessor, nor any agent or employee of Lessor has made any representation or warranty of any
description whatsoever with respect to the Premises or any matters or circumstances related to or
affecting the same.

2.3. After the Commencement Date, Lessee shall, at Lessee’s sole cost and expense, (except as
specified below) perform and complete in a good and workmanlike manner, the fit up work necessary
to adapt the Premises to Tenant’s use as depicted in certain plans to be prepared for Lessee by
Stephen Griss, Architect (the “Lessee’s Work”). All of Lessee’s Work shall be performed at Lessee’s
sole cost and expense but Lessor shall provide an allowance of a maximum of up to $100,000.00
(“Lessor’s Allowance”) toward the cost of renovations to the facility prior to occupancy.

3. USE AND COMPLIANCE.

3.1. Lessee may use the Premises for general office use. Lessee shall not permit, allow or
cause any obnoxious, disturbing or offensive odors, fumes, gas, noise, or any smoke, dust, steam or
vapors, or allow excessive sound or vibration, to originate in or to be emitted from the Building
and Lessee shall not use the Premises in any other manner which has the effect of causing a
nuisance to other occupants of the business park in which the Premises are situated (the “Park”) or
which would materially detract from the value or character of the Premises or the Park.

3.2. Lessor shall, at Lessor’s sole cost and expense, be responsible for ensuring that the
Building and the Premises are as of the Commencement Date and at all times thereafter during the
Initial Term and the Renewal Term (if appropriate) in full compliance with all Laws, provided that
Lessor shall not be responsible for the following, which shall be the responsibility of Lessee, at
Lessee’s sole cost and expense:

(a) ensuring that the Premises and the Building remain in compliance with all Laws where the
need for such compliance arises as a result of Lessee’s particular use of the Premises, whether or
not such use shall be herein permitted;

(b) ensuring that all Alterations (as hereinafter defined) and all Lessee’s Work (insofar as
may be appropriate) are in compliance with all applicable Laws;

 

-6-

 

(c) ensuring that the roof of the Building remains in compliance with all applicable Laws,
provided that Lessor hereby represents and warrants that as of the Commencement Date (or upon the
completion of the roof, if later) the roof shall be in compliance with all applicable Laws; and

(d) ensuring that all interior structural walls or any other such item for which Lessee is
responsible pursuant to the provision of Section 9.2 below remain in compliance with all applicable
Laws.

Notwithstanding any of the foregoing, it is agreed and understood that nothing contained in this
Section 3.2 shall modify in any way whatever the respective obligations of Lessor and Lessee with
respect to repair and maintenance of the Premises pursuant to the provisions of Section 9 below.

4. ENVIRONMENTAL PROVISIONS.

4.1. Without prejudice to the generality of Section 3 above, it is agreed and understood that
Lessee shall comply with any and all present and future environmental laws, ordinances, rules,
codes, regulations and standards applicable to the Premises and the business conducted therein by
Lessee. In particular (but without limitation) Lessee shall obtain and maintain any and all
permits, licenses, certificates or other authorizations now or hereafter necessary, lawful and/or
proper in order to conduct such business. Copies of all such permits, licenses, certificates and
authorizations shall be delivered to Lessor at or prior to the execution of this Lease, and Lessor
shall be supplied with copies of all renewals thereof.

(a) The term “Hazardous Substances” as used in this Lease, shall include, without limitation,
flammables, explosives, radioactive materials, asbestos, polychlorinated biphenyls (PCB’s),
chemicals known to cause cancer or reproductive toxicity, pollutants, contaminants, hazardous
waste, toxic substances or related materials, petroleum and petroleum products, and substances
declared to be hazardous or toxic under any law or regulation now or hereafter enacted or
promulgated by any Governmental Entity.

(b) Lessee shall not cause or permit to occur:

(i) Any violation of any Laws, related to environmental conditions on, under, or
about the Premises arising from Lessee’s use or occupancy of the Premises, including, but
not limited to, soil and ground water conditions; or

(ii) Any violation of any Laws, related to the use, generation, release, manufacture,
refining, production, processing, storage or disposal of any Hazardous Substance on, under, or
about the Premises, or the transportation to or from the Premises of any Hazardous Substance,
arising from Lessee’s use or occupancy of the Premises.

 

-7-

 

(c) Lessee, at Lessee’s sole cast and expense, shall comply with all Laws regulating the use,
generation, storage, transportation or disposal of Hazardous Substances and Lessee shall, at
Lessee’s own expense, make all submissions to, provide all information required by, and comply with
all requirements of all Governmental Entities under any and all such environmental Laws.

(d) Should any Governmental Entity or other competent body demand that a cleanup plan be
prepared and that a cleanup be undertaken because of any deposit, spill, discharge or other release
of Hazardous Substances occurring during the term of this Lease, at or from the Premises which
arises at any time from Lessee’s use of occupancy of the Premises, then Lessee shall, at Lessee’s
own expense, prepare and submit the required plans and all related bonds and other financial
assurances, and Lessee shall carry out all such cleanup plans.

(e) At any time during the Initial Term or the Renewal Terms (as appropriate) Lessee shall, if
so requested by Lessor, within thirty (30) days of such written request or immediately after such
request if in Lessor’s opinion an emergency exists, provide all requested information, in writing,
regarding the generation, use, storage, release, discharge, spillage, loss, seepage or emanation of
any Hazardous Substances from or on the Premises. Further, upon five (5) days written notice to
Lessee (except in case of emergency where no notice shall be required) Lessor may enter onto the
Premises and cause to be conducted and completed, by engineers, consultants, and others selected by
Lessor, such investigations, studies, sampling and testing of the condition of the Premises as
Lessor in its sole discretion shall deem appropriate. Lessee agrees to cooperate with Lessor, and
all persons retained by Lessor to conduct such investigations and to provide them with all requested access to the
Premises. In the event that such investigation reveals the presence of any Hazardous Substances in
contravention of any environmental Laws, arising out of Lessee’s use or occupancy of the Premises,
Lessor shall have the option of terminating this Lease, unless the same are removed and disposed of
in compliance with all applicable environmental Laws within ninety (90) days of Lessee receiving
notice thereof. If Lessor elects not to terminate this Lease, Lessee at Lessee’s sole cost and
expense, shall immediately take all actions necessary to comply with any such environmental Laws.
No such investigation, termination or other action by Lessor and no attempts by Lessor to mitigate
damages shall constitute a waiver of any of Lessee’s obligations hereunder. Notwithstanding the
foregoing, Lessor may request such information and enter upon the Premises no more often than twice
in any Lease Year, unless Lessor has reasonable grounds to believe that Hazardous Substances are
present thereat, in contravention of such environmental Laws.

(f) Lessee agrees to indemnify, hold harmless and reimburse Lessor and Lessor’s officers,
directors, beneficiaries, shareholders, partners, agents and employees, if any, against, from and
for any losses, claims, demands, damages, suits, actions, judgments, fines, penalties, liabilities
(joint or several), costs and expenses (including, without limitation, fees and expenses of legal
counsel for Lessor, consultant fees and expenses of investigation and laboratory costs) to which
Lessor may be subjected, or which Lessor may pay, incur or sustain, in consequence of (i) any
presence, discharge, spillage, uncontrolled loss, seepage, emanation or filtration of any Hazardous
Substances upon or from the Premises occurring hereafter or directly or indirectly caused by events
or actions occurring during the Initial Term and (if appropriate) the Renewal Term arising from
Lessee’s use or occupancy of the Premises; (ii) the violation, by Lessee of any environmental Laws;
(iii) any personal injury (including wrongful death) or damage to property (whether real or
personal) caused, directly or indirectly, by an occurrence described in (1) or (ii) above; and (iv)
any breach of any representation or warranty contained in this Section 4.2.

 

-8-

 

(g) Lessor agrees to indemnify, hold harmless and reimburse Lessee and Lessee’s officers,
directors, beneficiaries, shareholders, partners, agents and employees, if any, against, from and
for any losses, claims, demands, damages, suits, actions, judgments, fines, penalties, liabilities
(joint or several) costs and expenses (including, without limitation, fees and expenses, of legal
counsel for Lessee, consultant fees and expenses of investigation and laboratory costs) to which
Lessee may be subjected, or which Lessee may pay, incur or sustain, in consequence of any presence,
discharge, spillage, uncontrolled loss, seepage, emanation or filtration of any Hazardous
Substances at the Premises which occurs as a result of the willfulness or negligence of Lessor or
of Lessor’s agents or employees, or which occurred at any time prior to Lessee’s use or occupancy
of the Premises.

5. FIXED RENT.

5.1. During the Initial Term, commencing November 15, 2000, Lessee shall pay as Fixed Rent, by
way of checks made out to the order of Lessor (or as Lessor shall direct) and mailed to Lessor at
Lessor’s above-referenced office address (or to such person or address as may otherwise from time
to time be directed by Lessor in writing) the annual sum of TWO HUNDRED ELEVEN THOUSAND TWO HUNDRED
SEVENTY FIVE AND 00/100 ($211,275.00) DOLLARS, payable in advance on the first Business Day of each
month, in equal monthly installments of SEVENTEEN THOUSAND SIX HUNDRED SIX AND 25/100 ($17,606.25)
DOLLARS prorated for any partial month during the Initial Term.

5.2. In the event that Lessee shall exercise the first Renewal Option pursuant to Section 23
below, then during the first Renewal Terra commencing July 1, 2006,
Lessee shall pay as Fixed Rent, by way of checks made out to the order of Lessor (or as Lessor
shall direct) and mailed to Lessor at Lessor’s above-referenced office address (or to such person
or address as may otherwise from time to time be directed by Lessor in writing) the annual sum of
TWO HUNDRED SEVENTEEN THOUSAND SIX HUNDRED-THIRTEEN AND 25/100 ($217,613.25) DOLLARS, payable in
advance on the first Business Day of each month, in equal monthly installments of EIGHTEEN THOUSAND
ONE HUNDRED-THIRTY FOUR AND 44/100 ($18,134.44) DOLLARS.

5.3. In the event that Lessee shall exercise the second Renewal Option pursuant to Section 23
below, then during the second Renewal Term commencing July 1, 2011, Lessee shall pay as Fixed Rent,
by way of checks made out to the order of Lessor (or as Lessor shall direct) and mailed to Lessor
at Lessor’s above-referenced office address (or to such person or address as may otherwise from
time to time be directed by Lessor in writing) the annual sum of TWO HUNDRED TWENTY-FOUR THOUSAND
ONE HUNDRED FORTY-ONE AND 65/100 ($224,141.65.00) DOLLARS, payable in advance on the first Business
Day of each month, in equal monthly installments of EIGHTEEN THOUSAND SIX HUNDRED SEVENTY-EIGHT AND
47/100 ($18,678.47) DOLLARS.

 

-9-

 

6. REAL ESTATE TAXES.

6.1. Lessee shall be responsible for the payment of all Real Estate Taxes and from and after
the Commencement Date, Lessee, following receipt from Lessor of Real Estate Tax bill(s) with
respect to the Premises, shall promptly pay the same directly to the appropriate Governmental
Entity, as Additional Rent hereunder. Appropriate apportionments shall be made as of the
Commencement Date, and on the termination of the Initial Term (or upon the termination of the
Renewal Term, if appropriate) between Real Estate Taxes payable by Lessee hereunder, and Real
Estate Taxes payable by Lessor.

6.2. Notwithstanding anything contained in Section 6.1 above, it is agreed and understood that
in lieu of paying Real Estate Taxes directly, Lessee will make a monthly escrow payment to Lessor
with respect to Real Estate Taxes, in the event that such an escrow is required of Lessor by any
Fee Mortgagee, such monthly escrow payment to be in the amount required by any such Fee Mortgagee
(but not to exceed one-twelfth (1/12th) of the estimated Real Estate Taxes, plus any initial
payment required in order to fund such escrow), provided however, that in such event, Lessor shall
maintain such tax escrow payments in an interest bearing account, and all interest earned shall be
accounted for and paid to Lessee on a quarterly basis. It is agreed and understood that Lessor
shall use all reasonable efforts to resist the imposition of any such tax escrow by any existing or
future Fee Mortgagee.

6.3. Lessee shall also pay:

(a) All taxes which may be levied, imposed or assessed against Lessee’s Personalty and/or any
leasehold improvements made by or on behalf of Lessee following the Commencement Date, Lessee’s
leasehold interest, Lessee’s right to occupy the Building and/or the Premises and any other taxes
incident to the operation of Lessee’s business therein; and

(b) Any business license fees required for the operation of Lessee’s business.

6.4. Provided that Lessee shall pay seventy-five (75%) percent of the amount of any Real Estate
Taxes which Lessee proposes to dispute, or such other percentage as may from time to time be
required pursuant to the provisions of C.G.S. Section 12-53(d) or any successor thereto, Lessee may
contest the validity or amount (including the assessed valuation of the Premises) of any Real
Estate Taxes payable by Lessee
hereunder. In the event of any such contest, the payment of the remaining part of the Real Estate
Taxes may be deferred during the pendency of the same, provided the same is diligently prosecuted,
and Lessor agrees, without cost or expense to Lessor, to join such contest and provide reasonable
assistance to Lessee upon Lessee’s request, provided that Lessee shall be entitled to receive the
full amount of any refund applicable to any period of occupancy by Lessee. Nothing herein
contained, however, shall be construed so as to allow such items to remain unpaid for such length
of time as would permit the Premises, or any part thereof, to be sold by any Governmental Entity
for non-payment of Real Estate Taxes. Within thirty (30) days after the due and payable amount of
the contested Real Estate Taxes is determined by a final, unappealable judgment, Lessee shall pay
the amount so determined, together with any penalties, interest and expenses payable therewith.

 

-10-

 

6.5. In the event that at any time during the Initial Term, or any Renewal Term (if
appropriate) the present method of taxation or assessment shall be so changed that the whole or any
part of the taxes, assessments, levies, impositions or charges now levied, assessed or imposed on
real estate and the improvements thereon shall be discontinued and as a substitute therefor, or in
lieu thereof, or as an addition thereto, taxes, assessments, levies, impositions or charges shall
be levied, assessed and/or imposed wholly or partially as a capital levy or otherwise upon the
rents received from such real estate and the improvements thereon, then such substitute or
additional taxes, assessments, levies, impositions or charges, to the extent so levied, assessed or
imposed, shall be payable by Lessee, as if the same were expressly defined as the Real Estate Taxes
hereunder.

7. INSURANCE
AND INDEMNITY.

7.1. Throughout the Initial Term and the Renewal Terms (if appropriate) Lessee shall, at
Lessee’s sole cost and expense, maintain or cause to be maintained such insurance coverages as
Lessor from time to time shall reasonably request and which are generally consistent with insurance
coverages required of other tenants in similar buildings and businesses in the Danbury area, and
initially Lessee shall maintain the following coverages in the following amounts (the “Required
Insurance”):

(a) “All Risk” insurance coverage, on a full replacement cost basis, covering the Building and
all other buildings, improvements (including any plate glass) and fixtures now or hereafter
constituting part of the Premises (but not including any improvements made by Lessee) other than
the Lessee’s Work written in favor of Lessor and all Fee Mortgagees of which Lessee has notice, as
their interests may appear, with Lessor named as loss payee;

(b) Commercial general liability insurance (broad form) with respect to the Premises and the
conduct and operation of business thereat, on an “occurrence coverage” basis with Lessor and all
Fee Mortgagees of which Lessee has notice, named as additional insureds, with limits of not less
than FOUR MILLION AND 00/100 ($4,000,000.00) DOLLARS combined single limit for any one occurrence
of bodily injury, personal injury or death to any number of persons and for property damage, which
coverage may be placed in any combination of primary and umbrella and/or excess policies;

(c) Fire and extended coverage insurance with respect to any Alterations made by Lessee,
Lessee’s Personalty and any such other items belonging to and situated in the Building, in amounts
equal to the full replacement value thereof, naming Lessee as the sole loss payee;

(d) Any other insurance required for compliance with any applicable Laws.

 

-11-

 

7.2. Lessee shall deliver to Lessor binders or certificates evidencing the required insurance
at least ten (10) Business Days prior to the Commencement Date. Lessee shall procure and pay for
renewals of the required insurance before the expiration thereof, and Lessee shall deliver to
Lessor binders or certificates evidencing such renewal within thirty (30) days of the expiration of
any existing policy. All such policies shall be issued by companies approved by Lessor (which
approval shall not be unreasonably withheld or delayed) and licensed to do business in the State of
Connecticut, and shall contain a provision whereby the same cannot be changed, cancelled or not
renewed (including, without limitation, for nonpayment of premium) unless Lessor and all Fee
Mortgagees of which Lessee has notice, are given at least thirty (30) days’ prior written notice of
such change, cancellation or non-renewal. All such policies shall be written on an “occurrence
coverage” basis.

7.3. Lessee hereby covenants and agrees, to indemnify and hold harmless Lessor and all Fee
Mortgagees from and against any and all loss, cost, liability and/or expense (including attorneys
fees) that may arise from the date hereof up to the termination of this Lease, howsoever and
whensoever determined; on account of or arising out of negligent or intentional act or omission of
Lessee or of Lessee’s agents, contractors, servants, employees or invitees on or about the
Premises.

8. LESSOR’S RIGHT OF ENTRY.

8.1. Lessor, all Fee Mortgagees, and their respective agents and representatives, at all
reasonable times and upon written notice in advance (except in, cases of emergency) may enter the
Premises for the purpose of (i) inspection thereof; (ii) making such repairs, replacements,
alterations or additions to the Premises as Lessor may be required or permitted to carry out under
this Lease; (iii) exhibiting the Premises to prospective lenders and purchasers; or (iv) exhibiting
the Premises to prospective tenants, purchasers or other persons within the last ninety (90) days
of the Initial Term or the last exercised Renewal Term (if appropriate) in each case without
imposing any extra obligation or obligations upon Lessor, provided that Lessor shall be accompanied
by an agent of Lessee at all times (except in cases of emergency), and shall not damage the
Premises or unreasonably interfere with the Lessee’s use and enjoyment of the Premises.

9. REPAIRS AND MAINTENANCE.

9.1. From and after the Commencement Date, Lessor, at Lessor’s sole cost and expense, shall
repair, maintain and keep in good condition the footing, foundations and structural walls of the
Building, but not including the roof of the Building and further excepting any structural repairs
or maintenance required as a result of the negligence of Lessee, or of Lessee’s agents,
contractors, servants, employees or invitees on or about the Premises, or which otherwise arises as
a result of Lessee’s use of the Premises whether or not permitted hereunder.

9.2. From and after the Commencement Date, Lessee, at Lessee’s sole cost and expense, shall
repair, maintain and keep in good condition the roof of the Building and the roof structure
following completion of the same by Lessor (subject to Lessor’s responsibilities contained in
Section 9.1 above) and the interior of the Building which shall include all systems and equipment
within the Building including (but not limited to) repair and maintenance of all elevators, HVAC
systems, boilers, mechanical systems, electrical systems, sprinklers, security systems, plumbing
systems and associated equipment within the Building, and Lessee shall also be responsible for any
repairs or maintenance which would otherwise be the responsibility of Lessor pursuant to Section
9.1 above, but the need for which arises as a result of Lessee’s activities as therein more
particularly described. Notwithstanding the foregoing, Lessee shall not be responsible for any such
repairs and maintenance, the need for which arises as a result of the negligence of Lessor or of Lessor’s
agents, contractors, servants, employees or invitees.

 

-12-

 

9.3. Lessee shall at all times keep the hallways and entrances to the Building free and clear
of debris, and shall also provide for interior janitorial service (including carpet maintenance),
interior painting (and re-painting, where necessary), replacement of lighting ballasts and bulbs,
and interior and exterior window cleaning.

9.4. Lessee shall, at Lessee’s sole cost and expense, repair and maintain, in a manner
consistent with comparable first-class office space in Fairfield County, Connecticut, the parking
area, access roads, sidewalks, lawns and planting areas at the Premises, which maintenance shall
include (as necessary, desirable and/or appropriate) the mowing, landscaping, plowing, sanding and
sweeping thereof. With respect to the access roads that do not form a part of the Premises but are
within the Park, Lessor shall maintain the same in a manner consistent with that of comparable
business parks, including paving, sanding and plowing the same, and Lessee shall pay Lessee’s pro
rata share of the cost thereof to Lessor, as reasonably determined by Lessor.

9.5. Lessee shall not permit, allow or cause any act or deed to be performed or any practice
to be adopted or followed on the Premises and/or within the Building which shall cause or be likely
to cause injury or damage to any person or to the Premises or to any part thereof. Lessee at all
times shall keep the Premises and the Building in a neat and orderly condition and clean and free
from rubbish, dirt and other miscellaneous items. Lessee shall make provision for adequate refuse
containers to be placed upon the Premises in areas to be designated by Lessor and shall cause the
same to be emptied periodically. Lessee shall deposit all refuse in such containers and shall keep
the area around the same reasonably neat and attractive.

10. ALTERATIONS.

10.1. Lessee shall not, without first obtaining Lessor’s written consent, make or perform, or
permit the making or performance of, any alterations, installations, improvements, additions and/or
other physical changes in, to or upon the Building, interior or exterior, or the Premises or any
portion thereof (“Alterations”), provided, however, that minor items of repair, adjustment and
decoration not exceeding a cost of $30,000.00 for any one project (soft costs and hard costs
together) shall not be deemed “Alterations” for the purposes of this Lease, but only if such minor
items of repair are strictly non-structural in nature.

10.2. Notwithstanding the obtaining of Lessor’s consent to any Alterations, all Alterations
shall be made and performed at Lessee’s sole cost and expense. Further, it is agreed, stipulated
and understood (i) that together with Lessee’s request for Lessor’s consent to any Alterations,
Lessee shall submit to Lessor detailed plans and specifications and such other information with
respect to the proposed Alterations as Lessor shall reasonably request, (ii) that Powers
Construction Company shall be provided with reasonable opportunity to bid with respect to carrying
out of any Alterations, and (iii) that if the Alterations are not to be carried out by lowers
Construction Company, then Lessee shall deliver notice to Lessor of the name and address of the
proposed contractor, and if Lessor objects to such contractor carrying out Alterations to the
Premises and can show reasonable grounds for such objection then Lessee shall not employ such
contractor to carry out the Alterations in question.

 

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10.3. Prior to the commencement of any proposed Alterations, Lessee shall furnish to Lessor
duplicate original policies of (or Certificates of Insurance
evidencing) worker’s compensation insurance covering all persons employed by Lessee in connection
with such Alterations, including those to be employed by all contractors and subcontractors and
such policies shall be issued by companies, and shall be in form and amounts, reasonably
satisfactory to Lessor and shall be maintained by Lessee or by the applicable contractors or
subcontractors, as the case may be, until the completion of such Alterations. Lessee shall also
furnish partial waivers of mechanics liens for all work performed and paid for in connection with
such Alterations, and copies of all necessary Permits.

10.4. In the event that any mechanics or other lien or any notice of intention to file a lien
is filed against the Premises in connection with any Alterations, Lessee shall promptly cause the
same to be discharged of record by payment, bond, order of a court of competent jurisdiction or any
other method permitted by law, and in any event, within sixty (60) days after receiving notice of
the same. Lessee shall indemnify and save Lessor harmless from and against all costs, liabilities,
suits, penalties, claims, and demands (including reasonable counsel fee and disbursements) in
connection with the commencement and prosecution of the foreclosure of any such mechanics or other
lien. If Lessee shall fail to comply with the foregoing provisions, Lessor shall have the option
(but not the obligation) of paying and discharging or bonding any such lien, the cost thereof to be
payable by Lessee to Lessor within ten (10) days of receiving a bill therefor, as Additional Rent
hereunder.

10.5. Notwithstanding Lessor’s approval of plans and specifications for any Alterations, all
Alterations shall be made and performed in full compliance with all applicable Laws then in effect
and all necessary Permits, and all materials and equipment to be incorporated in the Building as a
result of any Alterations shall be of a quality consistent with that existing at the date thereof.
Lessor shall jointly sign any application made by Lessee for any building permit whether or not the
work in question requires Lessor’s consent hereunder.

10.6. Approval by Lessor of any plans, specifications or selection of materials by Lessee in
connection with any Alterations shall not constitute an assumption of any responsibility by Lessor
of any kind, including (but not limited to) as to their accuracy or sufficiency. Lessee shall be
solely responsible for such plans, specifications and the selection of materials. Lessee covenants
and agrees to indemnify Lessor and hold Lessor harmless against and from any and all claims, costs,
suits, damages and liability whatsoever arising out of or as a result of any Alterations performed
by Lessee or by Lessee’s contractors, subcontractors, agents or employees, including reasonable
attorneys fees for the defense thereof.

 

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10.7. All Alterations and any replacements therefor, whether temporary or permanent in
character, which are made by Lessee pursuant to the provisions of this Section 10 (unless the same
shall constitute Lessee’s Personalty pursuant to the provisions of Section 19.1 below) shall be the
property of Lessor immediately upon the installation of the same and shall remain upon and be
surrendered with the Premises as a part thereof at the expiration of the Initial Term or, if
appropriate, the Renewal Term, without compensation to Lessee. Notwithstanding the foregoing, at
the expiration of the Initial Tern or Renewal Term (as appropriate) Lessor shall have the option to
require Lessee, at Lessee’s sole cost and expense, to restore the Premises to their condition prior
to the carrying out of such Alterations, ordinary wear and tear excepted, provided that it is
agreed and understood that this option of Lessor shall not apply to Lessee’s Initial Work or
Lessee’s Additional Work, and provided further that Lessor shall only be permitted to require such
restoration in the event that Lessor made such a requirement an express condition of Lessor’s
consent and such Alterations at the time such consent was granted.

11. DAMAGE AND DESTRUCTION.

11.1. In the event that the Building is damaged or destroyed by fire or other casualty so that
(i) more than one half (1/2) of the rentable square feet of the Building is rendered untenantable,
or (ii) Lessee reasonably determines that the undamaged portion of the Building is not reasonably
adequate for the conduct of Lessee’s normal business operations, then Lessor or Lessee may elect to
terminate this Lease by written notice to the other, given within sixty (60) days after the date of
such damage or destruction. Any notice given hereunder shall specify a date for the expiration of
this Lease, upon which date the initial Term of the Renewal Term (as appropriate) shall expire and
Lessee shall quit, surrender and vacate the Premises, and this Lease shall thereupon be rendered
void and of no further effect, provided however that such expiration shall be without prejudice to
all rights,. duties and obligations arising under this Lease prior thereto, so that all Rent as
equitably adjusted, shall be paid up to the date of expiration, and any Rent paid by Lessee on
account of any period subsequent to such date, shall be promptly returned by Lessor to Lessee. All
insurance proceeds shall be the sole and absolute property of Lessor.

11.2. In the event that neither Lessor nor Lessee shall terminate this Lease pursuant to
Section 11.1 above following any such damage or destruction, or in the event that less than one
half (1/2) of the rentable square feet of the Building is rendered untenantable, then as promptly
as possible, but in any event within one hundred twenty (120) days of the date on which Lessor
obtains the insurance proceeds attributable thereto (the “Restoration Commencement Date”), Lessor
shall repair and restore the Building to the condition the same was in at the date hereof (or as
near as possible thereto) provided that all such repair and restoration shall be subject to the
receipt by Lessor of sufficient insurance proceeds, it being hereby agreed and understood that
Lessor shall not have any obligation to use any monies other than said insurance proceeds for the
purpose of such repair and restoration. It is further agreed and understood that Lessor shall not
be responsible for repair or restoration of any Alterations made by Lessee or responsible for the
replacement of Lessee’s Personalty. In the event that any such repair or restoration is not
completed within one hundred twenty (120) days from the Restoration Commencement Date then subject
to any force majeure preventing the same, Lessee may elect to terminate this Lease in the manner
set out in Section 11.1 above. During any such repair and restoration, until the same shall have
been substantially completed, the Rent payable hereunder shall be prorated, according to that
proportion of the Building which remains usable by Lessee for the conduct of
Lessee’s normal business operations.

 

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12. SIGNS.

12.1. Lessee shall have the right, at Lessee’s sole cost, to erect, install, display and
maintain in or upon the Premises, both exterior and interior signs and lettering, provided that the
design and location of the same shall be subject to the reasonable approval of Lessor, to be
granted or denied within thirty (30) days of submission thereof to Lessor. Lessee’s current sign
and lettering are hereby expressly approved by Lessor.

13. UTILITIES.

13.1. Lessee shall procure for Lessee’s own account and shall pay the cost for the use of all
gas, electric, telephone, heat, air conditioning, sewer, water and other utilities consumed in or
at the Premises by Lessee during the Initial Term and the Renewal Terms. It is agreed and
understood that Lessor shall not be responsible
for any interruption in service with respect to any of the foregoing, unless caused by the
willfulness or gross negligence of Lessor.

14. EMINENT DOMAIN.

14.1. Lessor and Lessee agree that should all or substantially all (meaning ninety (90%)
percent or more) of the Building and/or the Premises be taken (which term when used herein shall
include any conveyance made in avoidance or settlement of condemnation or eminent domain
proceedings) by any Governmental Entity whether by eminent domain or condemnation proceeds (a
“Taking”) then this Lease shall cease and terminate as at the date of the Taking, and the Rent
shall be paid up to such date, and thereafter this Lease shall be null and void and of no further
effect.

14.2. Lessor and Lessee agree that in the event of a partial taking (a “Partial Taking”) of
the Premises which does not constitute a Taking under Section 14.1 above, where at least sixty
(60%) percent o(pound) the Premises (which shall include at least fifty (50%) percent of the
Building) can be used (practicably and legally) by Lessee for the same purposes as prior to the
Partial Taking, this Lease shall continue in effect as to that part of the Premises remaining after
such Partial Taking. In the event of a Partial Taking which does not fulfil the foregoing criteria,
then either party may, upon notice to the other, delivered no later than sixty (60) days after the
date on which Lessee shall have received notice of such Partial Taking, terminate this Lease, as of
the date of such Partial Taking.

14.3. In the event of a Partial Taking which does not result in the termination of this lease
(for whatever reason) the amount of Rent payable during the remainder of the Initial Term, or, if
appropriate, the Renewal Term, shall be prorated according to the square footage of the Building
still usable by Lessee, and Lessor shall, at Lessor’s expense (but only to the extent of the net
award or other compensation available to Lessor for the improvements taken or conveyed, after
deducting all expense in connection with obtaining the same) make all necessary alterations
(subject to applicable Laws) so as to constitute the remaining portion of the Building a complete
architectural unit, consistent with the quality and character of the same at the date hereof,
provided that Lessor shall have no obligations with respect to any Alterations carried out by
Lessee, which shall be restored by Lessee, at Lessee’s expense.

 

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14.4. All awards and compensation for any Taking or Partial Taking shall be the property of
Lessor, and Lessee hereby assigns to Lessor all of Lessee’s right, title and interest in and to any
and all such awards and compensation, including, without limitation, any award or compensation for
the value of the unexpired portion of the Initial Term or the Renewal Term (as appropriate).
Notwithstanding the foregoing, Lessee shall be entitled to claim, prove and receive in the
condemnation proceeding, such award or compensation as may be allowed for Lessee’s trade fixtures
and for the unamortized cost (if any) of Lessee’s Personalty and for loss of business, goodwill,
moving expenses, depreciation or injury to and cost of removal of stock in trade and for the
unamortized cost of any Alterations made by Lessee, provided the same does not reduce any award to
or claim of Lessor.

14.5. Lessor shall deliver to Lessee prompt notice of any proposed Taking or Partial
Taking.

15. ASSIGNMENT AND SUBLETTING.

15.1. Lessee shall not be permitted to assign Lessee’s interest under this Lease or any part
thereof, provided, however, that a transfer of (i) a controlling interest of the capital stock of
Lessee or (ii) all or substantially all of the assets of Lessee located at the Premises to a person
or entity having a consolidated net worth in excess of $4,000,000.00, shall not be considered an
“assignment” for the purposes of this Section 15.1 and shall not require Lessor’s consent. Lessee
shall not be permitted to mortgage or otherwise encumber Lessee’s interest in the Premises, or any
part thereof, without the prior written consent of Lessor, which consent shall not be unreasonably
conditioned, withheld or delayed. Lessee may not sublet all or any part or parts of the Premises
without the prior written consent of Lessor. If Lessee shall desire to sublet, Lessee shall first
submit in writing to Lessor a notice setting forth in reasonable detail:

(a) The identity and the address of the proposed subtenant (a “Proposed Subtenant”);

(b) The nature and character of the business of the Proposed Subtenant and the proposed use of
the Premises by the Proposed Subtenant;

(c) Banking, financial and other credit information relating to the Proposed Subtenant,
reasonably sufficient to enable Lessor to determine the Proposed Subtenant’s financial
responsibilities; and

(d) The effective date of the proposed subletting.

Lessor shall only be able to take the foregoing factors into account for the purpose of granting or
withholding consent to proposed subletting, and Lessor may not take into account the financial
terms contained in any agreement made between Lessee and a Proposed Subtenant with respect to any
proposed subletting. In the event that Lessor shall fail to respond to a proposed subletting within
twenty (20) days of notice by Lessee, Lessor shall be deemed to have approved the same.

 

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15.2. Notwithstanding the provisions of Section 15.1 above, it is agreed and understood that
upon prior notification to Lessor, Lessee may sublet all or any part of the Premises to any
Affiliate.

15.3. It is agreed and understood that following any assignment or subletting, whether or not
permitted hereunder, Lessee shall remain liable for the due performance of all of Lessee’s
obligations hereunder.

16. LESSEE’S DEFAULT, REMEDIES.

16.1. The happening of either one of the following events (an “Event of Default”), shall
constitute a breach of this Lease on the part of Lessee:

(a) The failure of Lessee to pay any Rent due hereunder and the continued failure to pay the
same for seven (7) days or more after the due date thereof; and

(b) Default by Lessee in the performance of any non-monetary obligation hereunder, and the
continuance of such default for thirty (30) days after Lessor shall have given Lessee a notice
specifying the nature of the same, provided, however, that if the curing of any such default cannot
reasonably be completed within such thirty (30) day period, no Event of Default shall be deemed to
have occurred if Lessee promptly commences to cure and correct such default and thereafter cures
the same within a reasonable time, taking into account all relevant circumstances.

16.2. Upon the happening of any Event of Default (a) Lessor, if Lessor shall so elect, may
collect such installment of Rent hereunder as and when the same becomes due, or (b) Lessor or any
other person by Lessor’s order may re-enter the Premises without process of law and may either
elect to terminate this Lease, or not to terminate this Lease but terminate Lessee’s right to
possession and occupancy, and relet the Premises, or part or parts thereof, to any person, firm or
corporation, as the agent of Lessee, for whatever rent Lessor shall obtain, applying the monies
obtained from such re-letting first to the payment of such reasonable expenses as Lessor may incur
in the re-entering and re-letting of the Premises, or part or parts thereof, including (but not
limited to) all necessary repair work, repossession costs, brokerage commissions, legal expenses,
attorneys fees and the collection of rent therefrom, and then to the payment of the Rent due
hereunder and the fulfillment of all other covenants of Lessee. In the event of a surplus, Lessor
shall pay such surplus monies to Lessee. In the case of a deficiency, Lessee shall pay to Lessor an
amount equal to such deficiency each month, upon demand therefor.

16.3. After an Event of Default, the acceptance of Rent or failure to re-enter by Lessor shall
not be held to be a waiver of Lessor’s right to terminate this Lease, and Lessor may re-enter and
take possession of the Premises as if no Rent had been accepted after an Event of Default. All of
the remedies given to Lessor in this Lease pursuant to an Event of Default by Lessor are in
addition to all other rights or remedies to which Lessor may be entitled at law or in equity. All
remedies shall be deemed cumulative and the election of one shall not be deemed a waiver of any
other or further rights or remedies.

 

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16.4. Notwithstanding any of the foregoing, it is agreed and understood that Lessor shall use
commercially reasonable efforts to re-let the Premises to one or more tenants upon vacation thereof
by Lessee, following an Event of Default, in order to mitigate damages. Any such re-letting shall
be on commercially reasonable terms and conditions, but Lessor shall have full right and authority
to offer such rent-free periods or other such inducements as Lessor may reasonably consider
necessary or desirable.

16.5. Without prejudice to any of Lessor’s rights and remedies following an Event of Default,
as herein contained, or at law, in the event that Lessee shall neglect or fail to perform or
observe any of the non-monetary covenants on the part of Lessee herein contained, or if Lessee
shall fail to continue to conclusion the action necessary to remedy such an Event of Default, with
diligence or dispatch, Lessor, at Lessor’s option may perform the same for the account of Lessee
and all reasonable costs and expenses paid by Lessor for such purpose shall be paid by Lessee
within ten (10) Business Days after demand therefor by Lessor, as Additional Rent hereunder.

16.6. In the event that any installment of Fixed Rent or any sum of Additional Rent due
hereunder is not paid by Lessee to Lessor upon the due date therefor (taking into account any
applicable grace period herein provided for) then without prejudice to any and all of Lessor’s
rights and remedies following such default (whether herein contained or existing at law or in
equity) it is agreed, stipulated and understood that as Additional Rent hereunder, Lessee shall pay
to Lessor a penalty in the amount of five (5%) percent of the overdue amount, such sum to be
payable together with the overdue Fixed Rent or Additional Rent in question.

17. WAIVER OF SUMMARY PROCESS.

17.1. Whenever this Lease shall terminate, either by lapse of time or by virtue of any of the
express stipulations herein, Lessee waives any rights Lessee may have to the receipt of any notice
to quit possession, pursuant to any relevant Laws, now or hereafter existing.

18. HOLDING OVER.

18.1. In the event that Lessee shall (with or without the written consent of Lessor endorsed
hereon or upon any duplicate hereof) at any time holdover the Premises beyond the Initial Term, or,
if appropriate, the Renewal Term, Lessee shall hold the Premises upon the same terms and conditions
and under the same stipulations and agreements as are in this Lease contained, except that each
monthly installment of rent payable shall be one hundred fifty (150%) percent of the amount payable
by Lessee immediately prior to any such holdover, and no holding over by Lessee shall operate to
renew this Lease, or shall create any other type of tenancy whatsoever.

19. LESSEE’S PERSONALTY.

19.1. All furniture, furnishings, trade fixtures, business machines, communications equipment,
movable partitions, and any other such property and equipment supplied and owned by Lessee
(“Lessee’s Personalty”) and installed or used by Lessee at the Premises (whether or not attached
thereto) shall remain the property of Lessee, and shall promptly be removed upon the demand of
Lessor (or at Lessee’s election) upon the termination of the Initial Term or (if appropriate) the
Renewal Term (howsoever determined) and following such removal, Lessee shall repair any damage
caused thereby, provided that “damage” shall not include damages as a result of diminution in value
resulting from such removal.

 

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20. NOTICE.

20.1. Any and all notices called for or required by any provision of this Lease shall be
delivered to the respective parties by certified mail, return receipt requested, at the following
address:

	 	(a)	 	To Lessor:

c/o M&M Realty

Commerce Park

P.O. Box 581

Danbury, Connecticut 06813

With a copy to:

Michael G. Proctor, Esq.

Pullman & Comley

850 Main Street

P.O. Box 7006

Bridgeport, Connecticut 06601-7006

	 	(b)	 	To Lessee:

Advanced Technology Materials, Inc.

Attention: Daniel P. Sharkey

6 Commerce Drive

Danbury, Connecticut 06810

Such addresses may be changed by either party by notifying the other party in the above
stipulated manner.

21. SECURITY DEPOSIT. There is no security deposit.

22. BROKERAGE.

22.1. Lessor and Lessee represent and warrant, each to the other, that they neither consulted
nor negotiated with any broker or finder with respect to the leasing of the Premises other than
Ryer Associates and Melvyn J. Powers, who co-brokered this transaction, and agree to indemnify and
hold the other harmless from any damages, costs and expenses suffered by the other by reason of any
breach of the foregoing representation. Lessor shall have no liability for brokerage commissions
arising out of any sublease or assignments by Lessee, and Lessee shall and does hereby indemnify
Lessor and holds Lessor harmless from any and all liabilities for brokerage commissions arising out
of any such sublease or assignment.

 

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23. RENEWAL TERMS.

23.1. Lessee shall have the option to lease the Premises during the first Renewal Term and
during the second Renewal Term in the event that Tenant shall have exercised the first Renewal
Term, upon the following terms and conditions:

(a) That at the time of the exercise of the Renewal Option in question, Lessee shall not be in
default in the performance of any of the terms, covenants or conditions herein contained with
respect to which notice of default has been given hereunder (where required) and which has not been
remedied within the applicable grace period;

(b) That the first Renewal Term shall be upon the same terms, covenants and conditions as this
Lease, except with respect to the amount of the Fixed Rent which shall be that set out in Section
5.3 above;

(c) That the second Renewal Term shall be upon the same terms, covenants and conditions as
this Lease, except with respect to the amount of the Fixed Rent which shall be that set out in
Section 5.4 above;

(d) That Lessee shall exercise either Renewal Option by notifying Lessor of Lessee’s election
to exercise the same at least fourteen (14) months prior to the expiration of the Initial Term or
the first Renewal Term (as appropriate), so that upon the delivery of any such notice, this Lease
shall be deemed extended for the Renewal Term in question without execution of any further
instrument.

23.2. In addition to the Fixed Rent, Lessee shall continue to pay Additional Rent throughout
the Renewal Term in the manner provided for in this Lease above.

24. END OF TERM.

24.1. At the expiration or sooner termination of the Initial Term or Renewal Term (as
appropriate) Lessee shall quit and surrender to Lessor the Premises, broom clean and in good order
and condition, ordinary wear and tear, condemnation, damage by casualty and damage to be repaired
by Lessor excepted and together with any and all Alterations unless Lessor shall have instructed
Lessee to remove the same, assuming Lessor shall have the authority to do so pursuant to the
provisions of Section 10.7 above. Any Lessee’s Personalty remaining on the Premises may, at the
option of Lessor, be deemed to be abandoned and thereafter may either be retained by Lessor as
Lessor’s personal property or be disposed of in such manner as Lessor may deem fit. Lessee shall
reimburse Lessor for any costs incurred by Lessor for the removal and/or storage of Lessee’s
Personalty.

25. WAIVER.

25.1. The failure of Lessor to insist upon strict performance of any of the covenants or
conditions of this Lease, shall not be construed as a waiver or relinquishment of any such
covenants or conditions, but the same shall be and remain in full force and effect.

 

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26. SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE.

26.1. This Lease shall be subject and subordinate to the lien of any existing mortgage
covering the Premises, or any part thereof, and to any future mortgage, provided that any such
future mortgage (or a subordination, non-disturbance and attornment agreement entered into for the
benefit of Lessee from the holder thereof) shall provide that the Fee Mortgagee holding such
mortgage shall not be entitled to terminate this Lease, or in any way disturb Lessee’s use and
enjoyment and will recognize Lessee’s rights contained in this Lease, where Lessee is not then in
default hereunder beyond any applicable grace period with respect to such default. Lessor shall use
reasonable efforts to obtain similar non-disturbance agreements from any existing Fee Mortgagee.

26.2. Subject to the provisions of 26.1 above, Lessee agrees that Lessee shall attorn to and
recognize any foreclosing Fee Mortgagee or other such successor in interest to Lessor, as Lessee’s
landlord hereunder.

27. ESTOPPEL CERTIFICATE.

27.1. Within ten (10) days following any written request which either party may make from time
to time, the other party shall execute and deliver a statement, certifying (i) the Commencement
Date; (ii) the fact that this Lease is unmodified and in full force and effect (or, if there have
been modifications hereto, that this Lease is in full force and effect, as modified, and stating
the date and nature of such modifications); (iii) the date to which the Rent has been paid (iv) the
fact that there are no current defaults under this Lease by either Lessor or Lessee, except as
specified in such statement, and (v) such other matters reasonably requested. Lessor and Lessee
intend, agree and understand that any such statement delivered pursuant to this Section 27.1 may be
relied upon by any Fee Mortgagee, beneficiary, purchaser or prospective purchaser, mortgagee or
subtenant of the Premises or the Building or any interest therein.

27.2. Either party’s failure to deliver any such statement within the period specified, after
receipt of notice, shall be conclusive upon such party that this Lease is in full force and effect
without modification, that there are no uncured defaults by the requesting party and that not more
than one (1) month’s Rent has been paid in advance.

28. NOTICE OF LEASE.

28.1. Lessor and Lessee shall execute, in recordable form, a Notice of Lease pursuant to
Section 47-19 of the Connecticut General Statutes.

 

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29. DEFINITION OF LESSOR.

29.1. The term “Lessor” as used in this Lease, so far as covenants or obligations on the part
of Lessor are concerned, shall be limited to mean and include only the owner or owners at the time
in question of the fee title to the Premises. In the event of any transfer, assignment or
conveyance of such title to a Person not Controlled by Lessor or related to Lessor, Lessor herein
named shall be automatically freed and relieved from and after the date of such transfer,
assignment or conveyance of all liability with respect to the performance of any covenants or
obligations on the part of Lessor contained in this Lease thereafter to be performed (except as may
be attributable to the period preceding said conveyance, unless expressly assumed by the transferee
of any such interest) and, without further agreement, the transferee of such title or interest
shall be deemed to have assumed and agreed to observe and perform any and all obligations of Lessor
hereunder, during such transferee’s ownership of the Premises. Lessor may, at any time during the
Initial Term or the Renewal Term (if appropriate), transfer Lessor’s interest in the Premises.

30. LIMITATION ON LIABILITY.

30.1. Except as herein expressly stated to the contrary, it is hereby understood and agreed
that none of the individuals comprising Lessor shall have any personal liability hereunder with
respect to any of the covenants, conditions or provisions of this Lease, and that in the event of a
breach or default by Lessor with respect to any of Lessor’s obligations hereunder, Lessee shall
look solely to the estate and property of Lessor (or either of them) in the Premises, for the
satisfaction of Lessee’s remedies, including the collection of a judgment (or other judicial
process) requiring the payment of money by Lessor, and no other property or assets of Lessor shall
be subject to levy, execution or other enforcement procedure for the satisfaction thereof. The
provisions of this Section 30 shall apply only to the Lessor above named. The provisions are not
for the benefit of any insurance company or any other third party.

31. TERMS AND HEADINGS.

31.1. The words “Lessor” and “Lessee” as used herein shall include the plural as well as the
singular. Words used in either gender include the other genders. The Section headings contained in
this Lease are not a part of this Lease and shall have no effect upon the construction or
interpretation of any part of this Lease.

32. INVALIDITY.

32.1. The invalidity of any provision of this Lease shall not be deemed to impair or affect in
any manner the validity, enforceability or effect of the remainder of this Lease, to the extent
such remainder may be given effect in the absence of said invalid provision(s), and, in such event,
all of the other provisions of this Lease shall continue in full force and effect as if such
invalid provision had never been included herein.

33. LESSOR’S SIGNS

33.1. Lessor may at any time place on or about the Premises (excluding the Building) any “for
Sale” signs, and at any time during the last one hundred eighty (180) days of the Initial Term, or
(if appropriate) the last one hundred eighty (180) days of the Renewal Term, Lessor may place “for
Lease” signs on or about the Premises and/or the Building.

 

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34. QUIET ENJOYMENT.

34.1. Lessor hereby represents and warrants that Lessor owns fee simple title to the Premises
and has full authority to grant this Lease and that no other person, firm or corporation need join
in the execution of this Lease by Lessor in order to make Lessor’s execution of this Lease complete
or appropriate. Lessor further covenants that Lessee, upon paying the Rent and faithfully
performing Lessee’s other obligations hereunder, shall peacefully and quietly have, hold and enjoy
the Premises throughout the Initial Terns and the Renewal Term (if appropriate) without hinderance,
ejection or molestation by any person claiming under Lessor, subject to the terms and provisions of
this Lease.

35. LESSOR’S DEFAULT.

35.1. In the event Lessor shall fail to perform or observe any term, covenant, or condition of
Lessor hereunder after thirty (30) days written notice from Lessee of such failure or, if such
failure is not capable of being cured within such thirty (30) day period and Lessor shall fail to
commence to cure the same within such thirty (30) day period and thereafter diligently pursue such
cure to completion within a reasonable time, then Lessee shall have the right (but not the
obligation) to perform such obligation and to charge the cost thereof to Lessor, provided that
Lessee shall have the right to perform such obligation immediately and without notice in the case
of an emergency or material interference with Lessee’s ability to use the Premises. Lessee shall
submit a bill to Lessor for the reasonable cost of performing such work, which amount shall be
payable by Lessor within ten (10) days after receipt thereof. It is agreed and understood that in
no event shall Lessee be permitted to setoff any such sum allegedly due to Lessee against the Rent
reserve hereunder.

35.2. If Lessor rejects this Lease in bankruptcy, Lessee may, at Lessee’s option, terminate
this Lease, If Lessee elects to remain in possession after such rejection by Lessor, the rights and
remedies of the parties shall be governed by the terms and conditions of this Lease.

36. ATTORNEY’S FEES.

36.1. In any proceeding which Lessor or Lessee may prosecute to enforce such party’s rights
hereunder, the unsuccessful party shall pay all costs incurred by the prevailing party, including
reasonable attorney’s fees. Prior to commencing any proceeding, the parties shall each submit to
the other a final offer of settlement. The failure of a party (as plaintiff) to submit a settlement
offer shall be deemed a demand for all of the relief requested in such party’s complaint and the
failure of a party (as defendant) to submit a responding settlement offer within ten (10) days
after receipt of the settlement offer from the plaintiff party shall be deemed a rejection of any
relief for the benefit of the plaintiff party. If the forum in which the proceeding is heard
renders a judgment at least as favorable to a party as such party’s settlement offer, then such
party shall be deemed the prevailing party for the purposes of this Section 36.1.

 

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37. ACCORD AND SATISFACTION.

37.1. No payment by Lessee or receipt by Lessor of a lesser amount than the Rent payment
herein stipulated shall be deemed to be other than on account of the Rent, nor shall any
endorsement or statement on any check (or contained in any letter accompanying any check) be deemed
to constitute an accord and satisfaction, and Lessor may accept any such payment of a lesser amount
without prejudice to Lessor’s right to recover the balance of the Rent or to pursue any other
remedy provided in this Lease, or available at law.

38. BINDING EFFECT.

38.1. This Lease shall inure to the benefit of Lessor and Lessee, and their respective
successors, heirs and assigns, as appropriate. Words importing the singular number include the
plural number and vice versa.

39. ENTIRE AGREEMENT AND GOVERNING LAW.

39.1. This Lease contains the entire agreement between Lessor and Lessee and all prior
negotiations and agreements are merged into this Lease. This Lease may not be changed, modified,
terminated or discharged, in whole or in part, nor any of its provisions waived except by a written
instrument which (i) expressly refers to this Lease, and (ii) is executed by the party against whom
enforcement of such change, modification, termination, discharge or waiver is sought. All Exhibits
attached hereto or referred to herein form an integral part of this Lease and are hereby
incorporated by reference.

39.2. The laws of the State of Connecticut shall govern and control the validity,
interpretation, construction, performance and enforcement of this Lease and shall apply to any
disputes or controversies arising out of or pertaining to this Lease.

39.3. The Lessor’s obligations under this Lease are conditioned upon Lessor entering into an
acceptable Lease Termination Agreement with the current tenant at the Premises by which the current
lease of the Premises will be terminated as of the Commencement Date.

 

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IN WITNESS WHEREOF, Lessor and Lessee have executed and delivered this Lease as of the day and
year first above written.

Signed, sealed and delivered in the presence of:

	 	 	 	 	 
	 	SEYMOUR R. POWERS

LEON GRISS

RUTH GRISS

ADVANCED TECHNOLOGY MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Its 	 
	 	 	Duly Authorized 	 

 

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EXHIBIT A

PREMISES

Two (2) certain pieces or parcels of land, together with the buildings thereon, situate in the City
of Danbury, County of Fairfield and State of Connecticut, and bounded and described as follows:

FIRST PARCEL:

A certain piece or parcel of land, situate in the City of Danbury, County of Fairfield and State of
Connecticut, and all buildings thereon standing, together with an addition to the present building
as hereafter described, known as Parcels No. 5 and No. 5A, situated on the Westerly side of
Commerce Drive in the said Danbury, and more particularly shown and designated on a certain map
entitled:

“Map showing Parcel 5A To Be Added To Parcel 5, Commerce Park, Danbury, Conn., Scale 1” =
100’, July 27, 1968, Certified Substantially Correct, Douglas Watson”.

Together with the right to pass and repass for all purposes over the road designated as Commerce
Drive on said Map.

SECOND PARCEL:

All that certain piece or parcel of land, together with the buildings thereon, situate on Commerce
Drive in the City of Danbury, County of Fairfield and State of Connecticut, an particularly
described on a Map Plot Plan, entitled: “Map of Land of Seymour R. Powers To Be Leased to Qualitron
Corporation,” Certified Substantially Correct by Douglas Watson, C.E. & L.S., which map is filed in
the Office of the Town Clerk of said Danbury.

 

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