Document:

Exhibit 10.1

      

      

      FIFTH AMENDMENT TO STANDARD INDUSTRIAL / COMMERCIAL

      MULTI -TENANT LEASE-NET

      

      

      This Fifth Amendment to Standard Industrial/Commercial Multi -Tenant Lease-Net (the “Amendment” is made as of this 1st
          day of May, 2019, by and between FR National Life, LLC, a Delaware limited liability company (“Lessor”) and Strata Skin Sciences, Inc., a Delaware corporation (“Lessee”).

      

      

      RECITALS

      

      

      A.          WHEREAS,
          Landlord and Tenant entered into that certain Standard Industrial/Commercial Multi -Tenant Lease-Net dated March 17, 2005 for the space commonly known as 2375 Camino Vida Roble, Suite B, Carlsbad CA 92011, comprising approximately 8,000 rentable
          square feet as Amended by the First Amendment to Standard Industrial/ Commercial Multi- Tenant Lease Net dated February 22nd, 2012.

      

      

      B.          WHEREAS,
          Landlord and Tenant entered into that certain Standard Industrial/Commercial Multi -Tenant Lease-Net dated February 22, 2012 for the space commonly known as 2375 Camino Vida Roble, Suite C, Carlsbad CA 92011, comprising approximately 3,320
          rentable square feet for a combined approximately 11,320 rentable square feet combined in the two (2) lease documents.

      

      

      C.          WHEREAS,
          Landlord and Tenant entered into that certain Second Amendment to Standard Industrial/Commercial Multi -Tenant Lease-Net dated August 8th, 2014 to expand into the space commonly known as 2365 Camino Vida Roble, Suite B, Carlsbad CA
          92011, comprising approximately 5,669 rentable square feet for a combined approximately 16,989 rentable square feet combined in the two (2) lease documents and First & Second Amendment (the “Current Premises”).

      

      

      D.          WHEREAS
          Landlord and Tenant entered into that certain Third Amendment to Standard Industrial/Commercial Multi -Tenant Lease-Net dated April 30th, 2015 to extend the lease in the Current Premises.

      

      

      E.          WHEREAS
          PhotoMedex, Inc. assigned the Lease to Mela Sciences, Inc. (which changed its name to Strata Skin Sciences, Inc.) and Landlord Consented to this Assignment on June 22, 2015.

      

      

      F.          WHEREAS
          Landlord and Tenant entered into that Forth Amendment to Standard Industrial/Commercial Multi -Tenant Lease-Net executed May 18, 2017 to extend the lease in the Current Premises (collectively the “Lease”).

      

      

      G.          WHEREAS,
          Lessor and Lessee desire to amend certain terms of the Lease in accordance with the terms and conditions set forth below.

      

      

      NOW, THEREFORE, in consideration of the foregoing and the terms and provisions of this
          Amendment, Lessor and Lessee agree as follows:

      
        - 1 -

        
          

      

      

      

      
        	
                1.

              	
                Defined Terms. 
                    All terms used in this Amendment but not otherwise defined in this Amendment shall have the same meanings respectively ascribed to them in the Lease. The Lease, as modified by this Amendment, is referred to as the “Lease”.

              

      

      

      

      
        	
                2.

              	
                Term.  The term
                    of the Lease shall be extended Sixty (60) months commencing October 1, 2019 and expire September 30, 2024.

              

      

      

      

      
        	
                3.

              	
                Rental Rate.

              

      

      

      

      The monthly Base Rent for the Current Premises shall be payable as follows:

      

      

      	
              Period

            	 	
              Base Rent

            	 
	
              10/1/19 -1/31/20

            	 	
              $

            	
              0.00

            	 
	
              2/1/20 -9/30/20

            	 	
              $

            	
              18,346.58

            	 
	
              10/1/20-9/30/21

            	 	
              $

            	
              18,896.97

            	 
	
              10/1/21-9/30/22

            	 	
              $

            	
              19,463.88

            	 
	
              10/1/22-9/30/23

            	 	
              $

            	
              20,047.80

            	 
	
              10/1/23-9/30/24

            	 	
              $

            	
              20,649.23

            	
               

            

      

      

      
        
          
            	
                    4.

                  	
                    
                      Operating Expenses.  In addition to the Base Rent, Lessee shall pay its proportionate share of the NNN Expenses including Real Property
                        Taxes, Real Property Insurance and Common Area Maintenance charges.  Estimated NNN charges verses actual expenses shall be reconciled annually.  HVAC
                            maintenance and repair are included in the Lessor’s NNN expense.  Lessee shall be responsible for paying directly their separately metered utilities servicing the Premises. 

                      

                    

                  

          

           

          

        

        
          
            	
                    5.

                  	
                    Security Deposit.  The Total Security Deposit on hand totaling $17,812.21 shall be increased by $2,837.02 to equal a
                      Security Deposit amount of $20,649.23.

                  

          

           

          

        

        
          
            	
                    6.

                  	
                    
                      Tenant Improvement Allowance.  Landlord has agreed to provide Tenant with a $84,945 Tenant Improvement Allowance to be used by Tenant for
                        improvements to the Building.  All improvements shall be approved in writing by Landlord which consent shall not be unreasonably withheld, conditioned or delayed.  Lessee may request periodic disbursements of the TI Allowance (no
                        more frequently than monthly and in no smaller amounts than $5,000); however, as a condition precedent to any disbursement of the TI Allowance (except the final disbursement for which unconditional final lien waivers shall be
                        required), Lessee shall be required to deliver to Lessor, in form and substance reasonably satisfactory to Lessor, conditional lien waivers from each contractor, subcontractor, supplier and materialman (collectively, “Contractors”) for which Lessee is seeking a payment.  All work must be completed and reimbursement must be requested, with all
                        required documents no later than 12/31/2020 or the allowance becomes null and void.  The Tenant will be responsible for all improvement costs in excess of the Allowance. 

                      

                    

                  

          

        

      

      

      

      

      

      

      

       

       

       

      
        - 2 -

        
          

      

      

      

      
        	
                7.

              	
                Conflict.  In the
                    event there is conflict or inconsistency between the terms and conditions of this Amendment and the terms and conditions of the Lease, the terms and conditions of this Amendment shall control.  Except as otherwise expressly amended
                    hereby, the Lease shall remain in full force and effect according to its terms.

              

      

      

      

      
        	
                8.

              	
                Counterparts; Facsimile. 
                    This Amendment may be executed in two (2) or more counterparts, each of which shall be considered an original and all of which, when taken together, shall constitute one (1) instrument.  A facsimile counterpart of this Amendment shall
                    be deemed an original for all relevant purposes.

              

      

      

      

      

      

      IN WITNESS WHEREOF, Lessor and Lessee have executed this Amendment as of the date first written
          above.

      

      

      [SIGNATURE PAGE TO FOLLOW]

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        - 3 -

        
          

      

      

      

      

      

      

      

      LESSOR:

      

      

      FR
            National Life, LLC. a Delaware limited Liability Company

      

      

      
        
          	

                	By:	
                  By: First Industrial, L.P., a Delaware limited partnership, its sole member

                

        

      

      

      

      
        
          	

                	By:	
                  First Industrial Realty Trust, Inc., a Maryland corporation, its sole general partner

                

        

      

      

      

      

      

      By:    
            /s/Ryan McClean                                                

      

      

      Its:     
            Senior Regional Director                                    

      

      

      Date:     
            May 1, 2019                                                    

          

      

      

      

      

      LESSEE:

      

      

      Strata

            Skin Sciences, Inc., a Delaware corporation

      

      

      

      

      By:     
            /s/ Matthew C. Hill                                            

      

      

      Its:      Chief Financial Officer                                        

          

      

      

      Date:     
            May 1, 2019                                                     

      

      

      

      

      

      

    

  

  - 4 -exhibit101midwesterngasm

Midwestem    Gas Transmission    Company                                                            Part 9.10 FERC Gas Tariff                                             Firm Transportation Agreement     (FT-A/FT-GS) VolumeNo. I                                                                     ,v. 2.0.0 superseding v. 1.0.0                                                                                                   Page I of5                                 MIDWESTERN     GAS TRANSMISSION     COMPA}TY                                    FIRM  TRAhISPORTATION     AGREEMENT                                          Rate Schedule FT-A or FT-GS                               It<s              THIS AGREEMENT     (Agreement  No. FA0016) is made and entered into as of March ll. 20!!,by      and between MIDWESTERN GAS       TRANSMISSION     COMPANY,    hereinafter referred to as "Company,"      and ROANOIG     GAS COMPANY . hereinafter    refened to as "Customer." Company and Customer shall      be collectively rsfened to as "Parties."                                                 WITNESSETH:       That, in consideration of their respective covenants and agreements herein contained, Company and      Customer  agre€ as follows:                                           ARTICLE   I -DEFIMTIONS       The definitions found in Section I of the General Terms and Conditions of Company's FERC Gas Tariff are       incorporated herein by reference.                                         ARTICLE 2 . TRANSPORTATION        Company  agrees to provide firm transportation service pursuant to Rate Schedule FT-A or FT-GS to       Customer on a daily  basis beginning with Customer's Billing Commencement   Date and  continuing      throughout the term of this Agreement in accordance with the Transportation Quantity and Transportation      Path as identified on Exhibit A attached hereto.                               ARTICLE   3 - RECEIPT  POINT  A]{D DELIVERY    POINT        3.1   The Receipt Point and Delivery Point defining the Transportation Path shall be those points specified             on Exhibit A attached hereto. Customer  shall be entitled to Receipt Point and Delivery Point             flexibility in accordance with Section 15 of the General Terms and Conditions of Company's FERC             Gas Tariff. Priority of transportation service shall be determined in accordance with Section 15 and             Subsection 3.7 of the General Terms and Conditions oiCompany's FERC Gas Tariff.        3.2   Customer  may  request a change  to the Receipt Point and/or Delivery   Point defining the             Transportation Path provided in this Agreement in accordance with Subsection 25.3 of the General             Terms and Conditions of Company's FERC Gas Tariff.                                             ARTICLE  4 . FACILITTES       All facilities are in place to render the service provided for in this Agreement.        or        (If facilities are contemplated to be constructed, a brief description of the facilities will be included, as well       as who is to construct, own and/or operate such facilities.)                                                                             Tariff Section Issued: May7,201,5                                                                        Tariff Section Effective: June 8, 2015 

 

Midwestern      Gas Transmission       Company                                                                        Part 9.10 FERC     Gas  Tariff                                                   Firm Transportation Agreement           (FT-A/FT-GS) VolumeNo. I                                                                                   v. 2.0.0  superseding v. 1.0.0                                                                                                                    Page 2 of5               ARTICLE     5 - QUALITY    SPECIFICATIONS       A}ID  STA}.TDARDS FOR MEASTJREMENTS                {K:        For all gas received, transported and delivered hereunder,  the Parties agree to the quality specifications and        standards for measurement as provided for    in the General  Terms  and Conditions   of Company's   FERC Gas        Tariff. Company   shall be responsible for the operation of measurement   facilities at the Delivery Point and at        the Receipt  Point. In the event     that measurement    facilities are not operated by Company,      then  the        responsibility for operations shall be deemed to be that of the Balancing Party at such point. If measurement        facilities are not operated by Company   and there is no Balancing Party  at such point, then the responsibility        for operations shall be deemed  to be Customer's.                                               ARTICLE 6 - RATES       FOR  SERVICE         6.1    Transportation  Charge - The rates,  charges and surcharges  for the transportation service provided for               herein, including compensation   for system fuel use and gas lost and unaccounted   for, shall be paid by               Customer   to Company    in accordance  with Company's    applicable effective Rate Schedule   (FT-A or               FT-GS) and the General Terms     and Conditions   of Company's  FERC Gas    Tariff. Except  as provided               in this  Agreement,   Customer   shall pay Company      the applicable  Maximum     Rate and all other               applicable  charges  and surcharges   specified on  the effective Summary     of Rates  and  Charges  in               Company's   FERC   Gas Tariff.  Company   and Customer   may agree to a discounted   rate pursuant to the               provisions  of Section  27 of the   General Terms    and Conditions   of Company's FERC Gas Tariff               provided that the  discounted  rate is between  the applicable Maximum and Minimum        Rates  for this               service.         6.2    Incidental  Charges  - Customer agrees to pay Company for all known and anticipated filing          fees,               reporting  fees or similar charges   required to provide  the transportation  service described herein.               Further,  Customer   agrees to reimburse   Company    for all such fees   within thirty (30) days   after               receiving proof of payment   from Company.         6.3    Changes   in Tariff Provisions   - Company     shall have the right to file with the Federal     Energy               Regulatory Commission     (FERC)   any  changes in the rates, charges, terms and conditions of its Rate               Schedules,  the General Terms   and Conditions, or form of agreements   in Company's   FERC   Gas Tariff               applicable to those  Rate  Schedules and  to make   such changes  effective at such  times as Company               desires and  is possible under applicable law. Compary     agrees that Customer   may  protest any  filed               changes  before the FERC   and exercise any other rights it may have with respect  thereto.                               ARTICLE 7 . RESPONSIBILITY          DURING     TRANSPORTATION         As between the Parties hereto, it is agreed that from the time gas is delivered by Customer to Company    at the        Receipt Point(s) and prior to delivery of such gas to or for the account of Customer  at the Delivery Point(s),        Company   shall have the unqualified right to commingle such   gas with other gas  in its system and shall have       the unqualified  right to handle and treat such gas as its own.        Without   limiting its other responsibilities and obligations under this Agreernent, the Customer acknowledges       that it is responsible for obtaining and assumes  the risk of loss of the following: ( I ) gas supply, (2) markets        and (3) transportation upstream   and downstream    of the Company's   pipeline syst€m. Notwithstanding     the        loss of one or more  of the items enumerated above,   Customer  shall continue  to be liable for payment to the        Company of the   applicable rates and charges as  provided for in this Agreement   and Company's    FERC Gas       Tariff.                                                                                         Tariff Section    Issued: May 7 , 2015                                                                                   TariffSection     Effective:   June 8, 2015 

 

Midwestern   Gas Transmission    Company                                                             Part 9.10 FERC   Gas Tariff                                            Firm Transportation  Agreement    (FT-A/FT-GS) VolumeNo. I                                                                      v. 2.0.0 superseding v. 1.0.0                                                                                                   Page 3 of5                                            ARTICLE 8 - PAYMENTS                        PKS       Customer shall make payments to Company under this Agreement in accordance with the provisions of this       Agreement and Section 6 of the General Terms and Conditions of Company's FERC Gas  Tariff as such       Tariff may be revised or replaced from time to time.                      ARTICLE   9 - RATE SCTIEDULES,   GENERAL   TERMS   AND CONDITIONS                                       AND DCIIBIT    A OF AGREEMENT        Company's Rate Schedules and General Terms and Conditions, which are on file with the FERC and in       effect, and Exhibit A hereto are all applicable to this Agreement and are hereby incorporated by reference       and made part of this Agreement.  To the extent a term or condition set forth in this Agreement is       inconsistent with the General Terms and Conditions, the General Terms and Conditions shall govern.       Furthermore, to the extent a term or condition set forth in this Agreement is inconsistent with the applicable       Rate Schedule, the Rate Schedule shall govern unless the relevant provision is inconsistent with General       Terms and Conditions.                                            ARTICLE   IO - REGTILATION        l0.l  This Agreement shall be subject to all applicable and lawful United States governmental statutes,             orders, rules and regulations of duly constituted authorities having jurisdiction and is contingent upon             the receipt and continuation of all necessary regulatory approvals or authorization upon terms             acceptable to Company. This Agreement shall be void and of no force and effect if any necessary             regulatory approval or authorization is not so obtained or continued              All Parties hereto shall cooperate to obtain or continue all necessary approvals or authorizations, but             no Party shall be liable to any other Party for failure to obtain or continue such approvals or             authorizations.        10.2 In the event the Parties are unable to obtain all necessary and satisfactory regulatory approvals for             service on facilities prior to the expiration oftwo (2) years from the effective date hereof, then, prior             to receipt of such regulatory approvals, either Party may terminate this Agreement by giving the             other Parfy at least thirty (30) days prior written notice, and the respective obligations hereunder,             except for the provisions of Article 6.2 herein, shall be of no force and effect from and after the             effective date of such termination.                                            ARTICLE   1I - WARRA}ITIES        Customer agrees to indemnifo and hold Company harmless from all suits, actions, debts, accounts, damages,       costs, losses and expenses (including rsasonable attorneys fees) arising from or out of breach of any       warranty, expross or implied, by Customer herein. Company shall not be obligated to provide or continue       service hereunder in the event of any breach of warranty by Customer.                                       ARTICLE   12 - TERM OF AGREEMENT        12.1 This  Agreement  shall become effective upon its execution and shall, under all circumstances,             continue in effect in accordance with Company's FERC Gas Tariff after the Billing Commencement             Date as set forth in Exhibit A or through October 31. 2024. If the primary term of this Agreement             shall be one year or more, then this Agreement shall continue in effect thereafter until extended or             terminated in accordance with Sections 16 or 17 of the General Terms and Conditions of Company's                                                                             Tariff Section Issued: lNlay7,2015                                                                        Tariff Section Effective: June  8, 2015 

 

Midwestem       Gas  Transmission Company                                                                             Part 9.10 FERC Gas Tariff                                                       Firm Transportation       Agreement     (FT-A/FT-GS) VolumeNo.       I                                                                             v. 2.0.0  superseding v. 1.0.0                                                                                                (rs                 Page  4 of5               FERC   Gas Tariff.  Service rendered pursuant  to this Agreement  shall be abandoned  upon termination               of this Agreement.         12.2 Termination of this Agreement      shall not relieve Company   and Customer   of the obligation to resolve               or cash-out any  imbalances  hereunder, or Customer ofits obligation   hereunder to Company    and shall               be in addition to any other remedies that Company   may  have.         12.3   In addition to any other remedy   Company   may have, this Agreement    will terminate automatically in               the event Customer   fails to pay the entire amount  of any invoice  for service rendered  by Company               hereunder when   that amount  is due, provided Company    shall give Customer   thirty days' notice prior               to any termination  of service. Service  may  continue hereunder  if within the thirty day notice period               satisfactory assurance of payment   is made in accordance   with the terms and conditions of Section   6               of the General Terms  and  Conditions of Company's FERC     Tariff                                                    ARTICLE     13.NOTICES        Any notice,  request, demand,   statement, or invoice provided for in this Agreement   or any  notice that either       Party may   desire to give to the other shall be in accordance with Subsection   11.1 of the General Terms  and       Conditions of Company's    FERC   Gas Tariff.                                         ARTICLE     14 . SUCCESSORS      AND   ASSIGNS         l4.l   Either Party,may  assign or pledge  this Agreement  and atl rights and obligations hereunder  under  the               provisions of any mortgage,   deed of trust, indenture, or other instrument that it has executed or may               execute hereafter as security for indebtedness.  Either Party, without relieving itselfofits obligations               under this Agreement,   may assign  any of its rights hereunder to a company with  which  it is affiliated,               subject to any required regulatory approvals.   Otherwise,  Customer   shall not assign this Agreement               or any of its rights and obligations hereunder,  except in accordance   with Section 2l of the  General               Terms  and Conditions of Company's    FERC   Gas  Tariff.         14.2   Any person    or entify  that  succeeds  by purchase, mergeq      or consolidation   to the  properties,               substantially or as an entirety, ofeither Party hereto shall be entitled to the rights and shall be subject               to the obligations  of its predecessor  in interest under  this Agreement.    Customer   and  any such               successor must  obtain any required regulatory  approvals to make  such assignment or transfer.                                                     ARTICLE    15 - GENERAL        l5.l    Except for changes specifically     authorized  pursuant  to this Agreement,    no modification   of or               supplement   to the terms  and conditions   hereof shall be  or become   effective until Customer has               submitted a request   for change  and Customer    has been  notified of Company's   agreement   to such               change.        15.2 No waiver     by any Party  of any one or more defaults by the  other in the performance  of any provision               of this Agreement  shall operate or be construed as a waiver  of any future default or defaults, whether               ofa like or ofa different character.        15.3    The interpretation and performance   of this Agreement   shall be in accordance with and controlled by               the laws of the State of Oklahoma,  without regard to Choice  of Law doctrine  that refers to the laws of               another jurisdiction.        15.4 If any provision    of this Agreement is declared    null and void, or voidable, by a court  of competent              jurisdiction, then  that provision  will be   considered  severable  at Company's    option;  and if the                                                                                        Tariff Section   Issued:   May7,2015                                                                                   Tariff Section    Effective:   June 8, 2015 

 

Midwestem    Gas Transmission    Company                                                            Part 9.10 FERC   Gas  Tariff                                          Firm Transportation Agreernent    (FT-A/FT-GS) VolumeNo. I                                                                     v. 2.0.0 superseding  v. 1.0.0                                                                                                   Page 5 of5              severability option is exercised, the remaining provisions of the Agreement shall remain in full force             and effect.                                       ARTICLE   16 - OTIIERPROVISIONS       (If none so state) NONE               IN WITNESS   WHEREOF, the   Parties hereto have caused this Agreement to be duly executed as of      the date first hereinabove written.                                                          MIDWESTERN          TRANSMISSION     COMPANY                                                          By:                                                          Title:    t)/h81tul                                                          ROANOKEGAS COMPANY                                                         (NAME                                                                        /u                                                         By:                                                          Title    PPssertf                                                                                Prrs                                                                             Tariff Section Issued: May   7 ,2015                                                                        Tariff Section Effective: June 8, 2015 

 

Midwestern Gas Transmission         Company                                                                  Part 9.10 FERC    Gas  Tariff                                               Firm  Transportation    Agreement    (FT-A/FT-GS) Volume No. I                                                                            v. 2.0.0 superseding   v. 1.0.0                                                                                                            Page I of I                                    MIDWESTERN GAS       TRANSMISSION       COMPANY                               EXHIBIT A TO FIRM      TRANSPORTATION       AGREEMENT                                              Rate Schedule FT-A  or FT-GS        COMPANY:     Midwestern  Gas Transmission  Company        COMPANY'S ADDRESS:               ONEOK    Plaza                                        100 West 5th Street                                        Tulsa, Oklahoma 74103        CUSTOMER:     Roanoke  Gas Company        CUSTOMER'S      ADDRESS:         519 Kimball Avenue. N.E.                                        Roanoke. VA  24016        Right of First Refusal: Yes X No n        Transportation Quantity: 3/ 5.293 Dth/day           Transportation Path:                 Receipt Point: Channahon       Delivery Point: Portland        Recourse Rate: Maximum Rate     1/ X        Discounted  Rate(s): l/ !           RateType:213/                 Quantity:                 Quantity Level                 Time  Period: Start Date                     End  Date                 Contract:DiscountedMonthlyReservationRateperDth-                            Discounted Daily Commodity   Rate per Dth                 Point: Receipt Point                         Delivery Point                 Point to Point: Receipt Point                to Delivery Point                 Zone: Receipt  Point                 to Delivery Point                 Relationship                 Rate Component:                 Index Price Differential:        Negotiated Rate: 1/No X Yes n                          ($/Dth) (attach explanation of rate)        This Exhibit A is made and entered into as of March I l, 2019.        Billing Commencement    Date of this Exhibit A is November I ,2019_.        (This Exhibit A supersedes and cancels Exhibit A dated November  l. 1999 to the Firm Transportation Agreement       dated November   I. 1999.)        l/ An applicable ACA charge  will be included in the Customer's monthly invoice.       2/ See Section 27 of Ihe General Terms and Conditions for description of various types of discount rates.       3/ In the event there are multiple receipt points and/or delivery points, supplement this section to present the       transportation quantity or discounted rate information for each point.        Agreement  No. FA00l6                                                                                  Tariff Section Issued:    May 7,2015                                                                              Tariff Section Effective:    June 8,2015

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