Document:

nviv_Ex10_1

		
			Exhibit 10.1
		

		
			 
		

		
			Amendment to the Employment Agreement
		

		
			 
		

		
			This Amendment to the Employment Agreement (the “Amendment”) is entered into by and between InVivo Therapeutics Holdings Corp. (the “Company”) and Richard Toselli, M.D. (the “Executive”) and shall become effective as of October 1, 2018 (the “Effective Date”).
		

		
			 
		

		
			WHEREAS, the Company and Executive are parties to an Employment Agreement dated December 18, 2017 (the “Employment Agreement”), pursuant to which Executive serves as the Company’s President and Chief Executive Officer; and
		

		
			 
		

		
			WHEREAS, the Company wishes to amend certain terms of Executive’s Employment Agreement to reflect and recognize his continued service as President and Chief Executive Officer; and
		

		
			 
		

		
			WHEREAS, Executive has agreed to the amendments of the Employment Agreement set forth in this Amendment;
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to the following changes to the Employment Agreement, effective as of the Effective Date:
		

		
			 
		

		
			1.         Section 2(a) of the Employment Agreement shall be deleted in its entirety and replaced with the following:
		

		
			 
		

		
			“(a) Salary. For services rendered under this Agreement, the Company shall pay the Executive a base salary at the annualized rate of $480,000 (the “base salary”), paid bi-weekly in accordance with the Company’s usual payroll practices. This salary will be reviewed annually by the Board (or a designated committee thereof) and will be adjusted upward (but not downward without the Executive’s consent) no less frequently than annually.”
		

		
			 
		

		
			2.         Section 2(b) of the Employment Agreement shall be deleted in its entirety and replaced with the following:
		

		
			 
		

		
			“(b) Bonuses.
		

		
			 
		

		
			(i)Annual Bonus. Following the end of each fiscal year, the Executive shall be eligible to receive an annual target bonus of 50% of the base salary, subject to his performance of specified objectives to be established by the Board (or a designated committee thereof) each fiscal year. Actual bonus payout may be below or above the annual target bonus subject to performance.
		

		
			 
		

		
			(ii)FDA Performance Bonus. The Executive is also eligible to receive a one- time lump sum payment of $150,000 should the FDA approve the Company’s Randomized Control Trial (Insipre2.0 Trial). The Company shall pay the Executive the lump sum bonus once the trial is approved by the FDA and open for enrollment.
		

		
			 
		

		
			
		

		
			

		 

		

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			(iii)Additional Bonus. The Executive will be paid a bonus in the amount of $360,000, less applicable taxes and withholdings (the “Total Additional Bonus”), in two installments in accordance with and subject to the following: 1) $120,000 on April 1, 2019, provided that the Executive is an active employee of the Company in his capacity as President and Chief Executive Officer through March 31, 2019 (the “First Payment”) and 2) $240,000 on July 1, 2019, provided that the Executive is an active employee of the Company in his capacity as President and Chief Executive Officer through June 30, 2019. In the event the Executive’s employment is terminated either by the Company without Cause or by the Executive for Good Reason (each as defined in Section 3), each prior to the Executive receiving either installment of the Total Additional Bonus, the Company will pay the Executive any remaining portion of the Total Additional Bonus on the payment date(s) set forth above, subject to his executing and allowing to become effective a severance and release of claims agreement as set forth in Section 4(b)(iii) herein. If, following the First Payment but prior to July 1, 2019, the Executive resigns from employment without Good Reason or his employment is terminated for Cause, the Executive shall be required to forfeit and repay the gross portion of the First Payment within sixty (60) days after the Date of Termination. For the avoidance of doubt, the Total Additional Bonus set forth in this Section 2(i) is distinct and separate from the Annual Performance Bonus set forth in Section 2(b).”
		

		
			 
		

		
			(iv)Conditions. Except as and to the extent set forth in Section 4(b) of this Agreement, Executive must be an active employee of the Company on the date the aforementioned bonuses are distributed in order to be eligible for and to earn any bonus award, as they also serve as an incentive to remain employed by the Company.”
		

		
			 
		

		
			3.         Section 4(b)(iii) of the Employment Agreement shall be deleted in its entirety and replaced with the following:
		

		
			 
		

		
			“The payment to the Executive of the amounts payable under this Section 4(b), as well as any outstanding bonus payment(s) due to the Executive after the Date of Termination in accordance with and subject to Section 2(b)(iii), shall (A) be contingent upon the Executive entering into a severance and release of claims agreement in a form reasonably acceptable to the Company and (B) constitute the sole remedy of the Executive in the event of a termination of the Executive’s employment in the circumstances set forth in this Section 4(b).”
		

		
			 
		

		
			4.         Except as expressly modified herein, all terms of the Employment Agreement shall remain in full force and effect.
		

		
			 
		

		
			[Signature Page Follows]
		

		
			 
		

		
			
		

		
			

		 

		

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			IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year set forth below.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						INVIVO THERAPEUTICS

					
					
						    

					
					
						 

				
	
					
						HOLDINGS CORP.

					
					
						 

					
					
						EXECUTIVE:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Daniel Marshak

					
					
						 

					
					
						/s/ Richard Toselli

				
	
					
						Daniel Marshak

					
					
						 

					
					
						Richard Toselli, M.D.

				
	
					
						Chairman, Compensation Committee

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						October 1, 2018

					
					
						 

					
					
						October 1, 2018

				
	
					
						Date

					
					
						 

					
					
						Date

				

		
			 
		

		
			 
		

		 

		

			3STANDARD
FORM OF

PROFESSIONAL SERVICES ORDER

 

 ORDER DATE: _10-01-18_

 

	OWNER:	 		CONSULTANT	 
	Entity Name	Macerich	 	Company Name:	CleanSpark LLC
	Address :	401 Wilshire Blvd Suite 700	 	Address:	6365 Nancy Ridge Dr., 2nd Floor
	City/State/Zip:	Santa Monica	 	City/State/Zip:	San Diego, CA 92121
	Representative(s):	Jeff Bedel	 	Representative:	Bryan Huber
	Email:	jeff.bedell@macerich.com	 	Email:	bhuber@cleanspark.com
	Telephone:	310-394-6000	 	Telephone:	619-204-6877
	 	 	 	 	 
	PROPERTY	 	 	 	 
	Property Name:	The Oaks	 	 	 
	Entity Number:	 	 	 	 
	 	 	 	 	 
	PROJECT	 	 	 	 
	Project Name:	Microgrid Project Development	 	 	 
	Project Location:	Thousand Oaks, CA	 	 	 

 

A.      
BASIC SERVICES:

	 
	 

 as more specifically described in
Exhibit "A" attached
hereto.

 

B.       COMPENSATION:
Consultant's compensation for performance of the above-stated
professional services ("Basic Services")
in accordance with the terms of this Professional Services Order ("Agreement") shall be as
follows: 

 

 

☐ a
Fixed Basic Services Fee compensation of$ ;or

☐  a Maximum Hourly Basic Services Fee compensation
calculated by multiplying the number of personnel hours performed in accordance with this Agreement times the corresponding
hourly rates set forth in Part C, below, for each individual whose time is included therein, not to exceed in the aggregate a
maximum amount of$ ;or

☐  a Basic Services Allowance of $_88,250.00;

plus, (whether the Basic Services compensation is a Fixed Basic
Services Fee, Maximum Hourly Basic Services Fee or Basic Services Allowance) reimbursement of authorized Reimbursables (as hereinafter
defined), which
Reimbursables shall not cumulatively exceed $_500_ without prior written approval by Owner.

 

C.      
HOURLY RATES (if applicable): 
Agreed hourly rates ("Hourly Rates ")
+shall remain fixed for the duration of Consultant's performance of any Basic Services or Additional Services under this Agreement.·

 

D.      
TIME: Consultant's
performance of the Basic Services shall commence no later than _10-01_, 2018 and be shall be completed no later than_12-31,
2018.

 

E.       
EXHIBITS: The
following Exhibits are attached hereto and incorporated herein:
Exhibit "A"
(Scope of Services);
Exhibit "B"
(Other lndemnitees/Additional Insureds); Exhibit "C"
(Release Forms);
Exhibit "D"
(State Amendments Exhibit - applicable outside California only) Exhibit
"E"
(Invoice for Payment Form);.

 

THIS AGREEMENT IS MADE IN ACCORDANCE WITH AND SUBJECT TO THE SPECIFIC TERMS
SET FORTH ABOVE AND THE GENERAL TERMS AND CONDITIONS ATTACHED HERETO AND INCORPORATED BY THIS REFERENCE.

 

OWNER

Macerich

 

/s/
Jeff Bedell

By:
Jeff Bedell

Title:
Vice President, Sustainability 

 

 

CONSULTANT

CleanSpark
LLC, a California Company

 

/s/
Bryan Huber

By:
Bryan Huber

Title:
Authorized Representative

 

_________

(signature)

By:
__________________

Title:
_________________

 

    	 		 

    	 

    

 

GENERAL
TERMS AND CONDITIONS

 

		1.	Performance
                                         Standard. Consultant shall at all times perform its obligations under this Agreement:
                                         (1) in the most efficient and economical manner consistent with Owner's best interests;
                                         (2) in accordance with all applicable
                                         laws, rules,
                                         building codes, regulations and
                                         ordinances (including, without limitation,
                                         those relating to access for persons
                                         with disabilities); (3) with the level of care, skill, practice and judgment exercised
                                         by other professional consultants performing services of a similar nature under similar
                                         circumstances; and
                                         (4) in conformance with the standards, practices and procedures set forth in the edition
                                         of the "Design
                                         Standards and Procedures" prepared by and provided to Consultant by The Macerich
                                         Company that is most current as of the date of execution of this Agreement by Consultant.

 

		2.	Time.
                                         Consultant shall commence and complete performance of the Basic Services in accordance
                                         with the dates set forth on the cover page of this Agreement. Time is of the essence
                                         as to all provisions pertaining to Consultant's performance of this Agreement. The Consultant
                                         will perform these services with commercially reasonable diligence and expediency consistent
                                         with sound professional practices in the industry.
                                         The agreed time for performance
                                         shall only be extended for unavoidable delays beyond the responsibliity,
                                         control and foreseeability of Consultant
                                         for which Consultant gives written notice within 5 days after learning of the occurrence
                                         of the delay.
                                         Failure to give such notice shall
                                         result
                                         in Consultant waiving the right to an extension. Extension of time shall be Consultant's
                                         sole right and remedy in the event of delay,
                                         regardless of the cause, and Owner
                                         shall not be liable to Consultant for additional compensation, costs or damages on account
                                         thereof.

 

		3.	Limited
                                         Liability and Recourse. It is intended by the parties to this Agreement that the
                                         Owner's obligations and Consultant's services in connection with
                                         the Project
                                         shall not subject the
                                         Owner's or
                                         the Consultant's
                                         individual shareholders,
                                         employees,
                                         officers or
                                         directors to
                                         any personal legal exposure for the risks
                                         associated with this Project. Therefore,
                                         and notwithstanding anything to
                                         the contrary contained herein, the Owner and Consultant agree that as the sole and exclusive
                                         remedy against the other, any claim, demand or suit shall be directed and/or asserted
                                         only against the business entities that are the parties to this Agreement and not against
                                         any of the Owner's or Consultant's individual shareholders, employees, officers or directors
                                         except for acts of willful misconduct or as otherwise prohibited by law.
                                         It is further agreed that the aggregate
                                         liability of Owner under and with respect to this Agreement shall be limited to Owner's
                                         interest in the property and the improvements thereon on for which the Project is being
                                         designed and constructed ("Property").

 

		4.	Noninterference
                                         with Operations. Consultant shall coordinate with Owner the performance of its Basic
                                         Services and Additional Services so as to ensure that such performance does not interfere
                                         with the daily operations of the Owner or its tenants at the Property.

 

		5.	Invoices
                                         for Payment. Using the Invoice for Payment form attached hereto as Exhibit "D",
                                         Consultant shall submit to Owner
                                         on the last calendar day of each month an accurate and complete Invoice for Payment for
                                         Basic Services and Additional Services performed,
                                         and Reimbursables incurred ,
                                         during such month that is calculated
                                         in accordance with the following:
                                         (1) a portion of the Basic Services
                                         compensation based on one of the following:
                                         (a) if the Services compensation
                                         is a Fixed Basic Services Fee, the Owner's determination, in its sole but reasonable
                                         judgment, of the percentage of Basic Services performed in accordance with this Agreement
                                         multiplied times the Fixed Basic Services Fee; or (b) if the Basic Services
                                         compensation is a Maximum Hourly Basic Services Compensation, the number of hours of
                                         Basic Services performed by Consultant's personnel in accordance with this Agreement
                                         multiplied times the hourly rates set forth in this Agreement for such personnel,
                                         but not exceeding a pro rata share
                                         of the Maximum Hourly Basic Services Fee as set forth on the cover page of this Agreement
                                         based on Owner's determination, in its sole but reasonable judgment, of the percentage
                                         of Basic Services performed in accordance with this Agreement multiplied times the Maximum
                                         Hourly Basic Services Fee;
                                         plus, (2) authorized Reimbursables
                                         as hereafter defined that have been incurred and paid by Consultant; plus, (3) additional
                                         fees for authorized Additional Services; less (4) payments previously made and sums that
                                         Owner is authorized to withhold under the terms of this Agreement. Invoices for Payment
                                         submitted by Consultant shall include copies of supporting documentation satisfactory
                                         to Owner and lien and stop payment notice waivers and releases executed by Consultant
                                         and its subconsultants, of every tier, using the forms attached hereto as Exhibit
                                         "B",
                                         conditionally releasing all lien
                                         and stop payment notice rights for the time period covered by Consultant's current Invoice
                                         for Payment, unconditionally
                                         releasing all Consultant's such rights or the period of time covered by. the Invoice
                                         for Payment immediately preceding its current Invoice for Payment, and unconditionally
                                         releasing all of Consultant's subconsultants' such rights for the period of time covered
                                         by the Invoice for Payment preceding the month that immediately precedes its current
                                         Invoice for Payment. Invoices for Payment submitted prior to the last calendar day of
                                         the month, regardless of the reason, shall be deemed submitted and received on the last
                                         calendar day of the month. Owner shall pay any undisputed amounts properly billed within
                                         30 days of receipt of billing.
                                         Acceptance of final payment by Consultant
                                         shall constitute a waiver by Consultant of all rights, claims,
                                         and actions against Owner pertaining
                                         to the Project Owner shall have the right,
                                         in the event of a breach by Consultant
                                         of any provision of this Agreement,
                                         to withhold payment from Consultant,
                                         including, without limitation, the
                                         right to withhold amounts to protect against losses or damages occurring or threatened
                                         as a result of such breach.

 

		6.	Liens.
                                         If any lien or claim against the Owner,
                                         the Property or any construction
                                         fund for the Project shall be filed by any third party performing any portion of the
                                         Basic Services or Additional Services provided for by this Agreement, then within 10
                                         days after notice of filing thereof Consultant shall cause the same to be fully discharged
                                         of record,
                                         released and removed by any lawful
                                         means available,
                                         unless due to a failure to pay by
                                         the Owner for an undisputed fee under this Agreement. The Consultant's foregoing obligation
                                         shall not apply to any portion of such lien or claim for payment that exists as a result
                                         of the Owner's breach of its payment obligations under this Agreement, but shall apply
                                         to any and all other portions thereof

 

		7.	Additional Services. Additional
                                                                                                                                                   Services consist of additional, unforeseen professional services, not arising from the negligence, willful misconduct or
                                                                                                                                                   violation of applicable laws by Consultant or its subconsultants or the failure by Consultant to comply with any obligation
                                                                                                                                                   under this Agreement, that arise from: (1) a
                                                                                                                                                   written directive issued by Owner that is inconsistent with prior written approvals or directives by Owner's; (2) Consultant's compliance
                                                                                                                                                   with a written request by Owner for performance of professional services for the Project that are of a type or nature that
                                                                                                                                                   differ categorically from the types of services described in this Agreement; (3) changes in applicable laws affecting
                                                                                                                                                   Consultant's performance of this Agreement, where
                                                                                                                                                   such changes are enacted after execution of this Agreement; or (4) additional services, not reasonable anticipatable at the
                                                                                                                                                   time of executing this Agreement, due to material changes in or additions to the Design Standards and Procedures issued by
                                                                                                                                                   The Macerich Company that are first made after the date of execution of this Agreement by Consultant. Consultant shall submit
                                                                                                                                                   an Additional Services Request, in
                                                                                                                                                   a form provided or approve by Owner, to Owner within 5 days after learning of circumstances giving rise to the need for
                                                                                                                                                   Additional Services and prior to commencing performance of such Additional Services. Additional
                                                                                                                                                   Services authorized in writing by Owner to be performed on an hourly basis (with or without agreement to a not-to-exceed
                                                                                                                                                   amount) shall be performed at the hourly rates agreed to in this Agreement for the performance of Basic Services on an hourly
                                                                                                                                                   basis. If no such rates have been agreed to, then the rates
charged shall be agreed to by the Owner and Consultant prior to performance of the Additional Services.
Except where the Owner has directed otherwise in writing due to a dispute
over whether a particular services does or does not constitute Additional Services, no compensation shall be due,
owing or paid for Additional Services unless and until the Owner and Consultant
have executed an Additional Services Authorization, in a form provided or approved by Owner, setting forth the complete and mutually
agreed terms for performance of and compensation for such Additional Services.
Owner may issue a written Additional Services Directive, in a form provided
or approved by Owner,
requesting Consultant to either perform a disputed service or perform an
Additional Service in advance of complete agreement on the terms of the Consultant's additional compensation. The issuance of
an Additional Services Directive shall not obligate the Owner to pay additional compensation for a service that is later found
to not to be an Additional Services as defined herein. Upon
the Owner and Consultant reaching a complete agreement on all of the terms applicable to Consultant's performance of an
Additional Service for which an Additional Services Directive has been issued, the Owner and Consultant shall promptly execute
an Additional Services Authorization covering such Additional Service. Time expended in performing Additional Services authorized
by Additional Services Directive shall be substantiated by time records and
other documentation verifying all
time and costs expended.
Consultant
waives the right to
compensation for Additional Services
(1) for which Consultant has not timely given the written
notice required, or (2) that have not been authorized in writing by either (a) mutual execution by Owner and Consultant of an
Additional Services Authorization or (b) issuance by Owner of an Additional Service Directive.
In the event of a good faith dispute, Consultant will,
if requested to do so by Owner in an Additional Services Directive, nevertheless
promptly perform such service pending resolution of such dispute. The issuance, execution or performance of an Additional Services
Directive directing the performance of a disputed service shall not constitute a waiver on the part of Owner or Consultant of
their respective rights or defenses with respect to the appropriate classification of such service.

 

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		8.	Reimbursables.
                                         Reimbursable expenses ("Reimbursables')
                                         consist of, and are limited to, a reasonable amount for the following out-of pocket expenses
                                         to the extent necessarily incurred and paid by Consultant or its subconsultants in the
                                         performance of Basic Services or Additional Services: (1) if approved in advance by Owner,
                                         travel (coach fare only) to or from locations outside the State in which the Project
                                         is located in connection with the proper performance of this Agreement and related subsistence
                                         (standard class);
                                         (2) printing or reproduction of
                                         documents that are required to be delivered and are delivered to Owner pursuant to this
                                         Agreement (costs of printing or reproduction for internal uses by, or for copies transmitted
                                         between or among, Consultant and/or its Subconsultants shall not be reimbursable); (3)
                                         fees for permits or approvals of governmental authorities paid for by Consultant on behalf
                                         of Owner as requested by Owner; and (4) costs of renderings or mock ups requested by
                                         Owner.
                                         Reimbursables shall be charged to
                                         Owner "at
                                         cost" with no markup allowed by Consultant or any Subconsultant, of any tier. The
                                         compensation and reimbursement to Consultant agreed to in this Agreement includes all
                                         applicable and required federal, state·, and local sales or other taxes, if any.
                                         Consultant and its Subconsultants
                                         shall comply with local and state laws, if any, requiring registration for payment of
                                         sales or use taxes on Reimbursables purchased for delivery or use in the jurisdiction
                                         in which the Project is located.
                                         If requested by Owner, Consultant
                                         will provide evidence of such registration and a written statement (audited,
                                         if requested Owner) of all sales
                                         and use taxes paid upon Reimbursables.
                                         Consultant and its subconsultants
                                         shall make provision for any discounts ,
                                         rebates and refunds, where reasonably
                                         available, to be obtained and passed on to Owner.
                                         If a Reimbursable is included in
                                         a current Invoice for Payment for which Consultant later obtains a discount,
                                         rebate or refund, such discount,
                                         rebate or refund shall when obtained be disclosed to Owner and appropriate credit given
                                         to Owner in the next Invoice for Payment.

 

		9.	Indemnity.
                                         (a) Professional Services Indemnity. With respect to claims arising out of Consultant's
                                         providing of its professional services,
                                         to the fullest extent permitted
                                         by law, Consultant shall indemnify and hold harmless Owner, Owner Affiliates (as defined
                                         hereinafter), Owner's
                                         Agent (if any), Owner's
                                         Representative, Owner's lender(s) (if any), those persons and entities listed in Exhibit
                                         "C"
                                         attached hereto, each of them,
                                         and each of their respective directors, officers, partners, members, employees, representative,s
                                         successors, and assigns ("lndemnitee(s)")
                                         from and against any and all losses, costs, liabilities, claims, demand, debts, obligations,
                                         damages, actions, judgments,
                                         settlements, and reasonable attorneys'
                                         fees and costs (including, without limitation, attorneys'
                                         fees, court costs,
                                         expert and consultant costs and
                                         costs of litigation, mediation,
                                         arbitration and judicial reference
                                         proceedings), whether based.
                                         on tort,
                                         contract, equitable principles or
                                         any other legal theory of liability ("Loss(es)"), regardless of whether caused
                                         in part by the acts or omissions (whether constituting active or passive negligence or
                                         otherwise) of an lndemnitee or its agents, servants or independent contractors who are
                                         directly responsible to such lndemnitee, to the extent caused by an act or omission on
                                         the part of Consultant, Consultant's subconsultants, of any tier,
                                         or any person or entity to whom
                                         any of them may be legally liable but only if the act or omission constitutes negligence
                                         (professional), breach of contract, willful misconduct or violation of law;
                                         PROVIDED HOWEVER, that nothing herein
                                         shall be interpreted as obligating Consultant to indemnify an lndemnitee against the
                                         negligence or willful misconduct of such lndemnitee, its agents, servants or independent
                                         contractors who are directly responsible to such lndemnitee or against defects in designs
                                         furnished by such lndemnitee or by such persons or entities.
                                         Consultant shall have no upfront
                                         duty to defend Owner or lndemnitees but shall reimburse reasonable defenses fees and
                                         costs to the extent a Loss is determined to have been caused by the negligence or willful
                                         misconduct of Consultant. The foregoing indemnification obligation shall not be limited
                                         by the amount or type of damages, compensation, or benefits payable by or for Consultant
                                         or any of the Consultant's subconsultants under insurance, workers' compensation acts,
                                         disability benefit acts, or other employee benefit acts. Consultant's foregoing indemnification
                                         obligation is in addition to any implied obligation of indemnity or contribution that
                                         may exist under applicable law and shall survive termination of, or completion of performance
                                         under,
                                         this Agreement. "Owner Affiliate"
                                         means:
                                         (1) The Macerich Partnership LP,
                                         The Macerich Company, Macerich Property
                                         Management Company LLC and the officers, directors, board members, constituent partners,
                                         members and employees of each or any of them, (2) any entity (including,
                                         without limitation, any company,
                                         corporation, LLC,
                                         joint venture or partnership) that is directly or indirectly is owned, managed or controlled
                                         (whether such ownership, management or control is by means of contract,
                                         ownership of voting securities or
                                         otherwise) by Owner, The Macerich Partnership LP, The Macerich Company, or Macerich Property
                                         Management Company LLC (including ,
                                         without limitation, non-controlled
                                         subsidiaries); or (3) any person or entity (including, without limitation, any company,
                                         corporation, LLC, joint venture or partnership) that owns,
                                         manages or controls (whether such
                                         ownership, management or control is by means of contract,
                                         ownership of voting securities or
                                         otherwise) Owner, The Macerich Partnership LP, The Macerich Company or Macerich Property
                                         Management Company LLC.

 

(b)
General Liability and Intellectual Property Indemnity. With respect to claims that do not directly arise out of
Consultant's professional services, to the fullest extent permitted by law, Consultant shall, upon
demand, defend (utilizing legal counsel acceptable to Owner) indemnify and hold harmless Owner, Owner
Affiliates (as defined hereinafter), Owner's
Agent (if any), Owner's Representative, Owner's lender(s) (if any), those
persons and entities listed in Exhibit "C" attached hereto, each
of them, and
each of their respective directors, officers,
partners, members, agents, employees,
representatives, consultants, contractors,
successors, assigns and insurers ("lndemnitee(s)") from and against any and all economic and non-economic losses,
costs, liabilities, claims, demand, debts, obligations, damages, actions, judgments , settlements,
insurance deductibles and self-insured retentions, expenses, fines, and attorneys' fees and costs (including, without limitation,
reasonable attorneys' fees, court costs, expert and consultant costs and costs of litigation, mediation, arbitration and judicial
reference proceedings), whether based on tort, contract, equitable principles or any other legal theory of liability ("Loss(es)"),
whether real or alleged and regardless of whether caused in part by the acts or omissions (whether constituting active or passive
negligence or otherwise) of an lndemnitee or its agents, servants or independent contractors who are directly responsible to such
lndemnitee, to the extent arising out of, relating to or resulting from an act or omission on the part of Consultant,
Consultant's subconsultants, of any tier, or any person or entity to whom
any of them may be liable or responsible constituting negligence (ordinary or gross but excluding professional), copyright infringement,
breach of contract, willful misconduct or violation of law; PROVIDED HOWEVER, that nothing herein shall be interpreted as obligating
Consultant to indemnify an lndemnitee against the negligence or willful misconduct of such lndemnitee, its agents, servants or
independent contractors who are directly responsible to such lndemnitee. The foregoing indemnification obligation shall not be
limited by the amount or type of damages, compensation, or benefits payable by or for Consultant or any of the Consultant's subconsultants
under insurance, workers' compensation acts, disability benefit acts, or other employee benefit acts. Consultant's foregoing indemnification
obligation is in addition to any implied obligation of indemnity or contribution that may exist under applicable law and shall
survive termination of, or completion of performance under, this Agreement. "Owner Affiliate" means: (1) The Macerich
Partnership LP, The Macerich Company, Macerich Property Management Company LLC and the officers,
directors, board members, constituent partners, members and employees of
each or any of them, (2) any entity (including, without limitation, any
company, corporation, LLC,
joint venture or partnership) that is directly or indirectly is owned, managed
or controlled (whether such ownership, management or control is by means of contract, ownership of voting securities or otherwise)
by Owner, The Macerich Partnership LP, The Macerich Company, or Macerich Property Management Company LLC (including, without limitation,
non-controlled subsidiaries); or (3) any person or entity (including, without limitation, any company, corporation, LLC, joint
venture or partnership) that owns, manages or controls (whether such ownership, management or control is by means of contract,
ownership of voting securities or otherwise) Owner, The Macerich Partnership LP, The Macerich Company or Macerich Property Management
Company LLC.

 

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		10.	Insurance.
                                         Consultant shall, at its own expense, purchase from and maintain the following coverages
                                         on forms acceptable to Owner: (1) commercial general liability insurance with coverage
                                         limits of $1,000,000 aggregate and $1,000,000 per occurrence; (2) professional liability
                                         insurance with coverage limits of $1,000,000 per claim and $1,000,000 in the aggregate;
                                         (3) motor vehicle liability insurance, including Symbol 1, if applicable, with coverage
                                         limits of $1,000,000
                                         per occurrence for all owned, hired
                                         and non-owned vehicles; (4) workers' compensation insurance as required by the applicable
                                         laws of the state in which the jobsite described above is located; and (5) employer's
                                         liability insurance with policy limits in the amount of $1,000,000 bodily injury by accident
                                         (each accident), $1,000,000 bodily injury by disease (each employee), and $1,000,000
                                         bodily injury by disease (policy limit). Each policy of insurance shall provide for 30
                                         days' advance notice to Owner of cancellation,
                                         except for only ten (10) days' notice
                                         of cancellation for nonpayment of premium.
                                         The insurance coverage required
                                         herein shall include a waiver of subrogation in favor of, and shall name as additional
                                         insureds by means of endorsement to its general liability and vehicle liability policies,
                                         the following: (1) the Owner; (2) Owner's Agent (if any); (3) the Owner Affiliates; and
                                         (4) those additional persons and entities listed in Exhibit "C" attached
                                         hereto.
                                         Prior to the commencement of any
                                         Basic Services and at any time thereafter upon Owner's request during the performance
                                         of Basic Services or Additional Services under this Agreement, Consultant shall provide
                                         Owner with written evidence of the required coverages in the form of the certificates
                                         of insurance with the applicable endorsements. NO PERSON OTHER THAN AN OFFICER
                                         OF OWNER, AND NO OFFICER, EMPLOYEE, OR AGENT OF OWNER'S AGENT, HAS THE AUTHORITY
                                         TO WAIVE THE INSURANCE REQUIREMENTS OF THIS ORDER.

 

		11.	Default
                                         by Consultant. If
                                         any default (whether occurring by reason of a negligent act or omission or Consultant
                                         or a subconsultant to Consultant) by Consultant is not fully cured within 7 days after
                                         written request by Owner, then Owner may, without prejudice to any other right or remedy
                                         it may have at law or in equity, either: (1) correct any deficiency in performance and
                                         pursue Consultant for all costs and damages incurred by Owner; or (2) terminate this
                                         Agreement. In the event of such a termination by Owner, no further amounts shall be paid
                                         to Consultant until after full and final completion by Owner of the Basic Services.

 

		12.	Termination
                                         by Owner. Owner may,
                                         upon twenty-four (24) hours' written notice, at any time terminate this Agreement for
                                         convenience and without cause or direct Consultant to suspend all or a portion of the
                                         Basic Services or Additional Services.
                                         In such event, Consultant shall
                                         be entitled to payment of the portion of Consultant's compensation for Basic Services,
                                         Reimbursables and Additional Services authorized and properly earned up to the effective
                                         date of such termination or suspension as calculated in accordance with the provisions
                                         of Section 5, above. Consultant agrees to accept the compensation provjded for in this
                                         Section 12 as its sole and exclusive right and remedy in the event of a suspension or
                                         termination for convenience of this Agreement in lieu of all other rights and claims
                                         that Consultant may have for recovery of other amounts for losses or damages.·

 

		13.	Termination
                                         by Consultant. If
                                         Owner fails to make payment of sums that are not in good faith disputed by Owner and
                                         fails to cure such default within 30 days after receipt of written notice from Consultant,
                                         then, upon an additional 30 days' written notice to Owner of intent to terminate, Consultant
                                         may terminate this Agreement. In the event of termination for cause by Consultant, or
                                         in the event of a termination by Owner for cause that is determined to have been wrongful,
                                         Owner's sole obligation shall be to pay Consultant the sums provided for in Section 12,
                                         above.

 

		14.	Design
                                         Documents. Consultant agrees that all documents, drawings, reports and other data
                                         and information prepared or obtained by Consultant or its subconsultants in connection
                                         with the performance of this Agreement, including, without limitation, all document drafts
                                         and work product in progress and designs depicted therein ("Design Documents"),
                                         are instruments of service. Upon completion of the Design Documents and payment in full,
                                         the Design Documents shall become the sole and exclusive property of Owner and Owner
                                         shall hold exclusively all trademarks, copyright and other tangible and intangible rights
                                         thereto. Consultant shall notify Owner in writing at the time of submitting Design Documents
                                         for review by Owner if any design, material, equipment, process, product or other item
                                         indicated or specified in the Design Documents would require the payment of a royalty
                                         or license fee to a third party in order to incorporate or use the design, material,
                                         equipment, process, product or other
                                         item in connection with the Project. Consultant is responsible to Owner for any loss
                                         (including, without limitation, amounts charged to Owner by its contractors) and delay
                                         to design or construction resulting from Consultant's or its subconsultant's failure
                                         to comply with such obligation.

 

 

		15.	Disputes. Except for claims and disputes subject to arbitration pursuant to this Section 15, all claims, disputes or other matters in question between Consultant and Owner shall be resolved by litigation. Any claim or dispute arising between Consultant and Owner that Owner elects, in its sole judgment, to be decided by arbitration shall be submitted to final and binding arbitration in accordance with the Construction Rules of the American Arbitration Association. All claims, disputes and other matters in question between Consultant and Owner that are litigated (including all issues, whether of fact or of law) shall be heard and determined by a referee pursuant to California Code of Civil Procedure §638

                                                                                (a) et seq. with the understanding and agreement, voluntarily and freely made, that the OWNER AND CONSULTANT EACH INDEPENDENTLY WAIVES ITS RIGHT TO A TRIAL BY JURY AND THAT THE FINDINGS AND JUDGMENT OF THE COURT UPON THE ORDER OF THE REFEREE SHALL HAVE A FORCE AND EFFECT THAT IS NO LESS THAN THAT OF A VERDICT BY A JURY.

 

 

    	 	4	 

    	 

    

 

		16.	Assignment.
                                         Neither this Agreement nor the right to any payment hereunder shall be assigned by
                                         Consultant without the written consent of Owner, which consent may be granted or withheld
                                         at the sole discretion of Owner. Owner may assign all or any portion of its interest
                                         in, or any claim under, this Agreement, without the prior consent of Consultant. In the
                                         event of such assignment by Owner, then (1) Owner shall have no continuing liability
                                         or responsibility to Consultant except for payment for services performed prior to the
                                         date of such assignment and notice thereof by Owner to Consultant and (2) Consultant's
                                         obligations of defense and indemnification of the lndemnitees shall survive such assignment
                                         and shall continue in effect and be enforceable by the lndemnitees, whether or not the
                                         circumstances giving rise to a specific right by an lndemnitee to demand defense or indemnification
                                         occurred before or after such assignment.

		17.	Waiver.
                                         No verbal statements, actions, omissions or course of conduct by Owner shall be construed
                                         as a waiver by Owner of any right or remedy under law, in equity or under this Agreement.

		18.	Governing
                                         Law. This Agreement shall, notwithstanding application of the principles of conflicts
                                         of laws, be governed by the laws of the State in which the Property is located.

		19.	Attorneys'
                                         Fees. If any legal action, arbitration or other legal proceeding is brought in connection
                                         with or related to the interpretation, performance or enforcement of this Agreement or
                                         any other provision of the Contract Documents, whether founded on a violation of a legal
                                         duty that sounds in contract, tort, or otherwise, including, but not limited to, an action
                                         to rescind this Agreement, the prevailing party therein shall be entitled to recover
                                         from the other party the prevailing party's actual costs, expenses and attorneys' fees
                                         at arbitration, trial and on appeal, including, without limitation, a sum for time expended
                                         by in-house attorneys and paralegals.
                                         The determination of the "prevailing
                                         party" shall be based upon the party who prevails upon the matters actually litigated
                                         or arbitrated and shall not be determined solely based on the party receiving a net monetary
                                         recovery.

		20.	Continuous
                                         Performance. Notwithstanding the existence of any disputes or disagreements between
                                         Owner and Consultant (including, without limitation, disputes over payment), Consultant
                                         shall not stop, suspend or slow performance under this Agreement so long as Owner continues
                                         to pay Consultant for all portions of services not in dispute.

		21.	Interpretation,
                                         Severability. This Agreement shall be construed and interpreted as if drafted jointly
                                         by Consultant and Owner. In the event any portion of this Agreement is found to be unenforceable,
                                         ail other portions shall remain enforceable to the fullest extent allowable by law. Any
                                         omitted provision legally required for enforceability hereof shall be deemed inserted
                                         where required or in place of any conflicting provision. In the event of an irreconcilable
                                         conflict between the terms of this Agreement and the terms of any exhibit attached hereto
                                         the terms of this Agreement shall govern.

		22.	Entire
                                         Agreement. This Agreement constitutes the complete and fully-integrated agreement
                                         of the parties and supersedes all other proposals,
                                         agreements, representations or understandings.

		23.	Owner's
                                         Agent. This Agreement may be executed by an entity, separate from Owner, acting as
                                         agent for Owner ("Owner's Agent").
                                         If so executed, such execution by
                                         Owner's
                                         Agent shall have the same legal
                                         and binding effect as if this Agreement were executed by Owner. Owner's Agent shall be
                                         deemed to have full authority to act on behalf of Owner with respect to all matters relating
                                         to this Agreement and its performance, including, without limitation, contractually binding
                                         Owner to amendments and modifications of this Agreement, authorizing changes in design,
                                         and issuing approvals and consents on behalf of Owner. The individuals authorized to
                                         act as Owner's Representative are named on the cover page of this Agreement. They are
                                         the sole individuals with authority to act on behalf of Owner. The Owner's Representatives
                                         are authorized to act individually.

		24.	Lender
                                         Requirements. The Consultant agrees to fully and reasonably cooperate with the Owner
                                         in complying with the provisions, requirements, and conditions of loan agreements between
                                         Owner and its lenders for the Project (including, without limitation, the furnishing
                                         of any and all information, reports, and certificates which are required by Owner's lenders
                                         consistent with commercially reasonable lending practices), subordinating the rights
                                         of Consultant and its subconsultants, of every tier, to the security interests of such
                                         lenders on the terms required by such lenders complying with any lender modifications
                                         to the form, timing and frequency of submission of the releases required by Section 5,
                                         above so long as such documents
                                         do not increase the Consultant's contractual or legal obligations or risks, or adversely
                                         affect the availability or cost of its professional or general liability insurance.

		25.	Audit.
                                         Owner shall have the right to examine and audit, as frequently as may be reasonably
                                         required under the circumstances, the books, records, documents, and such other evidence
                                         in the possession or custody of the Consultant or its subconsultants as may be necessary
                                         to verify all amounts charged by Consultant under this Agreement. Such right to audit
                                         shall include inspection of such documents at any and all reasonable times at Consultant's
                                         offices or facilities. Consultant shall furnish space in its facilities at its own expense
                                         for such audit, and cooperate fully with such audit. Upon request, Consultant shall provide
                                         reproducible copies of such books, records, and other documents in the possession or
                                         control of Consultant or its subconsultants for reproduction by Owner. The costs of such
                                         audit and reproduction shall initially be at the expense of Owner, subject to Owner's
                                         right to reimbursement by Consultant in the event that such audit discloses any material
                                         overcharges by Consultant.

		26.	Survival.
                                         The provisions of this Agreement which by their nature survive, or involve performance
                                         of an act or obligation after, completion of the Basic Services or termination of this
                                         Agreement, including, without limitation, all rights and obligations related to indemnification,
                                         insurance, audit, withholding of payment, dispute resolution, confidentiality, ownership
                                         of documents, and records retention, shall remain in full force and effect after full
                                         performance or termination of this Agreement.

		27.	Execution/Counterparts.
                                         This Agreement may be executed in two or more counterparts by means of the signature
                                         and initials of each party hereto, each of which shall be deemed an original but all
                                         of which together shall constitute one and the same agreement. The counterparts of this
                                         Agreement and all ancillary documents related thereto may be executed and delivered by
                                         facsimile or other electronic signature by any of the
parties to any other party and the receiving party may rely on the receipt of such document so executed and delivered by facsimile
or other electronic means as if the original had been received.

 

    	 	5	 

    	 

    

 

		28.	Waiver
                                         of Consequential Damages The Consultant and Owner waive consequential damages for
                                         claims, disputes or other matters in question arising out of or relating to this Agreement.
                                         Consequential damages include, but are not limited to,
                                         loss of use and lpss of profit,
                                         loss of business, loss of income,
                                         loss of reputation or any other
                                         consequential damages that either party may have incurred from any cause of action including
                                         negligence, strict liability, breach
                                         of contract and breach of strict or implied warranty. This mutual waiver is applicable,
                                         without limitation, to all consequential
                                         damages due to either party's termination of this Agreement.

 

		29.	Sole
                                         Remedy. It is intended by the parties to this Agreement that the Consultant's services
                                         in connection with the Project shall not subject the Consultant's individual shareholders,
                                         employees, officers or directors to any personal legal exposure for the risks associated
                                         with this Project. Therefore, and notwithstanding anything to the contrary contained
                                         tierein,
                                         except in the event of fraud, the
                                         Owner agrees that as the sole and exclusive remedy against the Consultant,
                                         any claim, demand or suit shall
                                         be directed and/or asserted only against the business entities that are
                                         the parties
                                         to this
                                         Agreement and
                                         not against
                                         any of
                                         the Consultant's
                                         individual shareholders, employees,
                                         officers
                                         or directors.

		30.	Existing
                                         Conditions.
                                         Prior to commencing performance
                                         of the Basic Services, Consultant shall exercise professional care to:
                                         (1) visit the Site and examine visible
                                         conditions that may relate to the Basic Services to be performed; and (2) review the
                                         information, requirements, reports,
                                         data
                                         and instructions
                                         required by this
                                         Agreement that
                                         the Owner
                                         shall furnish, at
                                         the Owner's
                                         expense.
                                         The
                                         Consultant may use
                                         such information, requirements, reports,
                                         data,
                                         surveys and instructions in performing
                                         its services, in addition to its own visual observation of the existing structure; provided,
                                         however, Owner
                                         makes no representations and warranties regarding the accuracy and/or completeness of
                                         any such items. The
                                         Consultant shall notify the Owner of any materially significant assumption it is making
                                         within its design which conflicts from information provided by the Owner.. This obligation
                                         includes, without limitation, the instruction in Consultant's specifications to have
                                         the contractor measure and verify conditions in the field and/or in existing improvements
                                         to be certain that they conform to the documents prepared by Consultant.

		31.	Hazardous
                                         Materials. The Consultant shall have no responsibility for the discovery, presence,
                                         handling,
                                         removal or disposal of,
                                         or exposure of persons to, hazardous
                                         materials or toxic substances in any form at the Project site except for any hazardous
                                         materials or toxic substances that Consultant materially disturbs and/or any such materials
                                         or substances Consultant brings to the Project.

		32.	Safety.
                                                                                                                                                       Consultant shall be responsible
                                                                                                                                                       to take reasonable steps for the safety and protection of all persons and property at
                                                                                                                                                       the Site that may be affected by Consultant's
                                                                                                                                                       and its subconsultants' activities only.
                                                                                                                                                       However, neither the professional
                                                                                                                                                       activities of the Consultant, nor the presence of the Consultant or its employees and
                                                                                                                                                       subconsultants at a construction/project site, shall relieve the General Contractor of
                                                                                                                                                       its obligations, duties and responsibilities including, but not limited to,
                                                                                                                                                       construction means, methods, sequence,
                                                                                                                                                       techniques or procedures necessary for
                                                                                                                                                       performing, superintending. and
                                                                                                                                                       coordinating the Work
                                                                                                                                                       in accordance
                                                                                                                                                       with the
                                                                                                                                                       contract documents and
                                                                                                                                                       any health
                                                                                                                                                       or safety.
                                                                                                                                                       precautions required by any regulatory
                                                                                                                                                       agencies. The Consultant and its personnel have no authority to exercise any control
                                                                                                                                                       over any construction contractor or its employees in connection with their work or any
                                                                                                                                                       health or safety programs or procedures.

32.
No Third Party Rights. This Agreement is not intended to confer, and shall not be construed to

create or confer, any rights
or benefits to parties other than Owner and Consultant.

 

    	 	6	 

    	 

    

 

MACERICH 

Powered
By 

CLEA
NSPARK 

 

Contract
Reference:

Contract
Name: The Oaks Microgrid Pilot Project

Site
Reference: The Oaks, Thousand Oaks, CA

Prop. ID 3120

 

 

Approved
Project Development Expenses

 

 

	Item / Status	Property	Schedule of Values	Due Upon Authorization	
	1, Approved	The Oaks- Permit Ready ReDesign	$40,000.00	$20,000.00	 
	2, Approved	The Oaks -
    Arborist Study	$10,000.00	$5,000.00	 
	3, Approved	The Oaks -
    Level 2 Energy Audit	$10,000.00	$5,000.00	 
	4, Approved	The Oaks -
    Interconnection Consulting	$10,000.00	$5,000.00	 
	5, Approved	The Oaks
    - SGIP Incentive
    Deposit*	$18,250.00	$18,250.00	 
	TOTAL BUDGET	 	$88,250.00	$53,250.00	 
	*Estimated, actual amount will be supported and billed	 	 

 

Projected
Expenses Before Notice to Proceed - Subject
to Approval 

	Item / Status	Property	Schedule of Values	Due Upon Authorization
	Identified, Unapproved	The Oaks - Thousand Oaks Building
    Permit Fees	TBD	TBD	 
	Identified, Unapproved	The Oaks -
    Thousand Oaks Tree Removal / Replacement Plan Fees	TBD	TBD	 
	Identified, UnapprovedT	The Oaks -
    SCE Interconnection Apps and Fees	TBD	TBD	 
	TOTAL BUDGET	 	 	$ 250,000.00	 

 

 

Projected
Expenses After Notice to Proceed (NTP) - Subject to Approval

 

 

	Item / Status	Property	Schedule of Values	Due Upon Authorization
	Identified, Subject to NTP	The Oaks - Solar PV (Roof Mount
    and Carport)	$11,524,485.00	Progress
Billing	 
		The Oaks -
    Diversified Distributed Energy Resources 		Progress Billing	
	Identified, Subject to NTP	- Energy Storage	$15,877,517.00		 
		 -
Fuel Cell			 
	Identified, Subject to NTP	- Microturbine			 
	 	The
Oaks - Energy Backbone and Microgrid Infrastructure	$827.988.00	Progress Billing	 
	LESS Approved
    Additional Project Development Items	 	$(88,250.00)		 
	LESS
    Additional Expenses Before Notice to Proceed	 	 $(250,000.00)	 	 
	TOTAL BUDGET	 	$17,891,750.00	Progress Billing	 

 

* Notice to Proceed is subject
to final Macerich approval at conclusion of final design and final pricing reviewed per the Design Build Lump Sum Contract. 

 

 

 

 

 

Microgrid
Implementation Strategy

 

Capitalization

 

PSO
Excerpt: Phase 2A Revised
Scope of Work

 

 

    	 	7

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