Document:

ex_10-3.htm

EXHIBIT 10.3.2

 

 

AMENDMENT TO LEASE AGREEMENT

THIS AMENDMENT TO LEASE AGREEMENT, dated as of the 22nd day of  February, 2013, by and between ADDISON PARK, LTD. and THE GIBBY FAMILY LIVING TRUST, as Landlord (the “Landlord”), and ULURU, Inc., as Tenant (the “Tenant”);

W I T N E S S E T H

Recitals

A.           Reference is made to that certain Lease Agreement dated January 31, 2006, (the “Lease”) executed by and between Landlord and Tenant, covering approximately 8,923 s.f. of net rentable space in Landlord’s project located at 4452 Beltway Drive, Addison, Dallas County, Texas, known as “Addison Park Place, Building 5.”

B.           Landlord and Tenant desire to amend the Lease as hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, each of the undersigned does hereby agree as follows:

1.           Extension of Lease Term.

The current term of the Lease expires on March 31, 2013.  The parties agree that the term of the Lease is hereby renewed and extended for a period of 24 months, so that the term of the Lease shall expire on March 31, 2015.

2.           Rental Adjustment.

Tenant’s Base Rent shall be revised to $6,692.25 ($9.00/s.f./yr) per month beginning April 1, 2013 through March 31, 2014 and $6,878.15 ($9.25/s.f./yr) per month beginning April 1, 2014-March 31, 2015. All other rental provisions of the Lease shall remain the same, including Tenant’s estimated monthly operating expense payments, currently estimated at $2,345.85, subject to change per the terms of the Lease and the HVAC Filter Maintenance Expense which shall remain $90.00 per month.

3.           Effective Date.

This Amendment shall be effective upon the full execution hereof by both parties.

4.            Option to Convert from a Two Year to a Five Year Primary Lease Term.

Provided Tenant is not otherwise in default under the terms of the Lease, and provides Landlord with written notice on or before October 1, 2013 of its intention to exercise the option to convert the primary term of its lease from a two year term to a five year term. The rent for the remainder of the first year of the primary term shall be reduced to $6,320.46 per month ($8.50/s.f./yr) effective on the first day of the month following the receipt of Tenant’s notice and shall increase annually every April 1st by $0.25/s.f./yr through March 31, 2018.

5.           Condition of Premises.

Tenant is occupying the space in its “as is” condition, and any changes or modifications to the space shall be at the Tenant’s sole cost and expense. Notwithstanding the foregoing to the contrary, Landlord at Landlord’s expense shall 1) Replace the rusted out sink in the restroom and 2) Have a licensed HVAC technician make the repairs suggested in Exhibit “A” to the 5-ton roof top units.

 

 

6.           Brokerage.

Tenant and Landlord each warrant and represent to the other that no real estate broker has been involved in the negotiation of this Lease Amendment nor is owed a commission or finder’s fee in connection with this Amendment, and each agrees to indemnify and hold the other party harmless in connection with any claims for such fees which may be asserted.

7.           Binding Agreement.

Except as specifically modified by this Amendment, all other terms and conditions of the Lease are hereby ratified and confirmed.  In the event of a conflict between the terms of this Amendment and the other terms of the Lease, the terms of this Amendment shall prevail.

This Amendment is executed as of the day and year first above written.

LANDLORD:  ADDISON PARK, LTD. /GIBBY FAMILY LIVING TRUST

By:           /s/ William J. Harkinson                                                                                                

Name:                       William J. Harkinson, President                                                                                                

Title:           Harkinson Investment Corporation, General Partner                                                                                                

TENANT:  ULURU, INC.

By:                      /s/ Kerry P. Gray                                                                           

Name:                                Kerry P. Gray                                                                           

Title:                      President & CEOex_10-23.htm

EXHIBIT 10.23.2

AMENDMENT NO. 1 TO LICENSE AND SUPPLY AGREEMENT

This Amendment No. 1 to the License and Supply Agreement (this “Amendment”) is entered into and effective as of December 21, 2012 (the “Amendment Date”), by and between ULURU Inc., a Nevada corporation having an address at 4452 Beltway Drive, Addison, TX 75001, USA (“ULURU”) and MELMED HOLDING AG, a corporation organized and existing under the Laws of Switzerland and having an address at Bahnhofstrasse 10, CH6301 Zug (“MELMED HOLDING”) (each of ULURU and MELMED HOLDING, a “Party” or together, the “Parties”).

WHEREAS, ULURU and MELMED HOLDING are parties to that certain License and Supply Agreement, dated as of January, 11, 2012 (the “Original Agreement”);

WHEREAS, the Original Agreement provides MELMED HOLDING with certain rights and licenses to patents and other intellectual property that cover ULURU’s product, Altrazeal®, including exclusive registration, marketing, promotion, sale and distribution rights in specified countries;

WHEREAS, pursuant to the Original Agreement, ULURU retains the right, and has an obligation, to manufacture and supply the Products to MELMED HOLDING; and

WHEREAS, ULURU and MELMED HOLDING now wish to amend the Original Agreement to provide, among other things, that MELMED HOLDING shall be granted exclusive rights to additional territories, reduce the royalty payable on net sales and will adjust the purchase price of Altrazeal® for the territory.

  

  

  

AGREEMENT

NOW, THEREFORE ULURU and MELMED HOLDING agree as follows:

	
1.  

	
Definitions. Unless otherwise expressly defined herein, all capitalized terms used herein have the meaning ascribed to them in the Original Agreement. The term “Agreement” means the Original Agreement as amended by this Amendment No. 1.

	
2.  

	
Amendment of Territory. Exhibit F of the Original Agreement is hereby amended to read as Exhibit F attached to this Amendment No. 1.

	
3.  

	
Amendment to 5.1 Price. Exhibit D of the Original Agreement is hereby amended in its entirety to read as Exhibit D attached to this Amendment No. 1.

	
4.  

	
Amendment to Section 5.3. Section 5.3 of the Original Agreement is hereby amended to read as follows:

“5.3 Royalty Payments. In addition to the payments set forth above. MELMED HOLDING shall pay to ULURU a royalty (the “Royalty”), on a country-by-country basis in the Territory, equal to five percent (5%) of Net Sales of the Product in such country during each calendar quarter (or portion thereof) during the Term (each such period, a “Royalty Period”), commencing as of the date on which the Product is sold by MELMED HOLDING for the first time to a Third Party for commercial distribution in such country. Each Royalty will be payable not later than thirty (30) days following the expiration of each applicable Royalty Period. MELMED HOLDING shall pay the Royalty with respect to a country that accrues during the Term of this Agreement for so long as the license granted by ULURU under Section 2.1.1 remains in effect in such country. MELMED HOLDING will include with each such payment a written report detailing (i) the number of Product units, per country, and the sales price of such Product units by MELMED HOLDING and its affiliates; and (ii) Net Sales of the Product during the applicable Royalty Period, all in a manner consistent with MELMED HOLDING’s internal sales reporting.

	
5.  

	
No other Changes; Consolidated Agreement. All other terms and conditions of the Original Agreement are hereby confirmed and shall remain in full force and effect. In the event of any conflict with the provisions of this Amendment and any provisions of the Original Agreement, the provisions of this Amendment shall control. Upon the request of either Party, the Parties shall prepare an Amended and Restated License and Supply Agreement that incorporates the terms of this Amendment into the Original Agreement and eliminates all terms in the Original Agreement that have been rendered obsolete or unnecessary due to this Amendment.

	
6.  

	
Multiple Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. Facsimile or PDF signatures of this Amendment shall have the same force and effect as an original signature.

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective duly authorized representatives as of the date first above written:

	
MELMED HOLDING AG

	  	
ULURU Inc.

	
By:

	
/s/ Helmut Kerschbaumer

	  	
By:

	
/s/ Kerry P. Gray

	
Name:

	
Helmut Kerschbaumer

	  	
Name:

	
Kerry P. Gray

	
Title:

	
CEO

	  	
Title:

	
President and CEO

  

  

  

 

EXHIBIT D

	
ALTRAZEAL®

	  	
PRICING

	  	  	  
	
0.75 gram

	  	
3.00 EURO

	  	  	  
	
2.0 gram

	  	
4.75 EURO

	  	  	  
	  	  	  
	  	  	  
	  	  	  
	  	  	
ROYALTY

	  	  	  
	
Revised from 10% to 5%

  

  

  

EXHIBIT F

Territory

	
European Union:

	  	
Middle East:

	  	  	  
	
  Austria

	  	
  Bahrain

	
  Belgium

	  	
  Egypt

	
  Bulgaria

	  	
  Jordan

	
  Cyprus

	  	
  Kuwait

	
  Czech Republic

	  	
  Oman

	
  Denmark

	  	
  Quatar

	
  Estonia

	  	
  Saudi Arabia

	
  Finland

	  	
  Syria

	
  France

	  	
  UAE

	
  Germany

	  	  
	
  Hungary

	  	
North Africa / French Speaking Africa:

	
  Ireland

	  	  
	
  Italy

	  	
  Algeria

	
  Latvia

	  	
  Angola

	
  Lithuania

	  	
  Cote dİvorie

	
  Malta

	  	
  Equatorial Guinea

	
  Netherlands

	  	
  Gaban

	
  Norway

	  	
  Lybia

	
  Poland

	  	
  Morocco

	
  Portugal

	  	
  Namibia

	
  Romania

	  	
  Tunesia

	
  Slovakia

	  	  
	
  Slovenia

	  	  
	
  Spain

	  	
Asia and Pacific

	
  Sweden

	  	  ** Excluding China, Hong Kong, Macau, Taiwan, South Korea and Japan
	
  Switzerland

	  	
 

	  United Kingdom

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