Document:

Unassociated Document

Exhibit 10.18

 

AMENDED AND RESTATED

 

AGREEMENT 

 

FOR 

 

SERVICES 

 

BETWEEN

 

ADMA BIOLOGICS Inc.

 

AND

 

ARETH LLC 

 

  

 

  

 

AMENDED AND RESTATED

AGREEMENT FOR 

SERVICES

 

	TABLE OF CONTENTS	 	 
	 	 	 
	
ARTICLE I

	
General  Obligations  of ARETH

	
1

	 	 	 
	
ARTICLE  II

	
Compensation

	
1

	 	 	 
	
ARTICLE  III

	
Payments

	
1

	 	 	 
	
ARTICLE IV

	
Period of Service

	
2

	 	 	 
	
ARTICLE V

	
Changes in Scope of Services

	
2

	 	 	 
	
ARTICLE VI

	
Warranty

	
2

	 	 	 
	
ARTICLE  VII

	
Indemnification

	
2

	 	 	 
	
ARTICLE  VIII

	
Limitation of Liability

	
3

	 	 	 
	
ARTICLE IX

	
Insurance

	
3

	 	 	 
	
ARTICLE  X

	
Relationship of ARETH  and ADMA

	4
	 	 	 
	
ARTICLE XI

	
Personnel

	
4

	 	 	 
	
ARTICLE XII

	
Ownership of Instruments of Service and Data

	
4

	 	 	 
	
ARTICLE XIII

	
Permits and Licenses

	
5

	 	 	 
	
ARTICLE XIV

	
Adherence to Laws

	
5

	 	 	 
	
ARTICLE XV

	
Nondisclosure of Proprietary and Confidential  Materials

	
5

	 	 	 
	
ARTICLE XVI

	
Force Majeure

	
6

	 	 	 
	
ARTICLE XVII

	

Limited Agency-Procurement  Services

	
6

	 	 	 
	
ARTICLE XVIII

	
Additional Services

	
7

	 	 	 
	
ARTICLE  XIX

	

Governing Law

	
8

	 	 	 
	
ARTICLE XX

	
Alternate Dispute Resolution

	
8

	 	 	 
	
ARTICLE XXI

	
Notices and/or Communications

	
9

	 	 	 
	
ARTICLE XXII

	
Waiver

	
10

	 	 	 
	
ARTICLE XXIII

	
Severability

	
10

	 	 	 
	
ARTICLE  XXIV

	
Entirety of Agreement

	
10

	 	 	 

 

  

i

  

 

AMENDED AND RESTATED

AGREEMENT FOR 

SERVICES

 

THIS AMENDED AND RESTATED AGREEMENT, executed August 12, 2016 and effective as of January 1, 2016 by and between ADMA BIOLOGICS INC., a Delaware corporation, with its place of business at 465 Route 17 South, Ramsey, NJ 07446 ("ADMA")  and  ARETH LLC a New Jersey limited liability corporation, with its principal  place  of  business  at  465 Route 17 South, Ramsey, NJ 07446 ("ARETH"), collectively referred to herein as "Parties", provides  as follows:

 

ARTICLE I

 

GENERAL OBLIGATIONS OF ARETH

 

ADMA has entered into several contracts to conduct clinical trials for and the manufacture and commercialization of plasma derived products and seeks to engage ARETH to supplement its own staff and capabilities.  The  scope of services (hereinafter, "Services") to be provided by ARETH to ADMA is stated herein and shall generally consist of Warehousing, Office Space, Shipping, Handling,  Receiving,  Inventory  Control, Clinical Trial Drug Management and Drug Sample Storage, as well as certain IT, Telephone, Mail, and  all other general and administrative  services  as reasonably  requested  by ADMA.

 

ARTICLE II 

 

COMPENSATION

 

ARETH will be compensated for Services as set forth in Exhibit A.

 

ARTICLE III 

 

PAYMENTS

 

ARETH shall submit to ADMA a request for payment (invoice) of all services and other reimbursable costs incurred during the previous calendar month period.  ADMA, for its part, agrees to make payments to ARETH, in the full amount stated in the invoice or request for payment within ten business days.

 

  

1

  

 

ARTICLE IV 

 

PERIOD OF SERVICE

 

ARETH and its affiliates, shall make its best efforts to complete its Services for ADMA within the time period set by ADMA. If ARETH is unable to perform services as requested by ADMA, ARETH agrees to notify ADMA within 24 hours of its determination.

 

ARTICLE V

 

CHANGES IN SCOPE OF SERVICES

 

ADMA may, at any time, make changes in the scope of Services or in the definition of Services to be performed upon mutually agreement of the parties. In the event ADMA notifies ARETH of its desire to make a change in the scope of Services that may change the cost of performance, ARETH shall, within ten (10) working days after receiving such notice, give ADMA notification of any potential change in price for the Services.·

ARTICLE VI

 

WARRANTY

 

	
  

	
A.

	
ARETH guarantees that the Services will be performed in accordance with generally accepted standards in the industry and in accordance with its internal (and affiliates) SOP's.

 

	
  

	
B.

	
ARETH's guarantees shall not apply when the defect is due to a natural disaster, weather, storm, lightening, fire, flood, terrorist attack or other act of god out of ARETH's direct control.

 

	
  

	
C.

	
All representations, warranties and guarantees made by ARETH in connection with the Services are limited to those set forth in this Article VI. IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE SPECIFICALLY EXCLUDED. For any deficiencies in the Services, ADMA shall be restricted to the remedies expressly set forth in this Article VI; such remedies are ADMA's sole and exclusive remedies and ADMA hereby waives any and all other remedies, whether at law or in equity, and regardless of whether the claim is asserted under contract, tort (including the concurrent or sole and exclusive negligence of ARETH), strict liability or otherwise.

 

ARTICLE VII 

 

INDEMNIFICATION

 

	
  

	
A.

	
Subject to Section B below, ARETH will defend, indemnify and hold ADMA harmless from all claims, liabilities, demands, costs, expenses (including attorneys' fees) and causes of action arising out of third party claims for bodily injury (including death) and damage to tangible property to the extent caused by a negligent act or omission of ARETH, its employee or subconsultant.

 

  

2

  

 

	 	
B.

	
ADMA hereby agrees to release, waive all rights of subrogation against, defend, indemnify  and hold ARETH harmless from all claims, liabilities, demands, costs, expenses (including attorneys' fees) and causes of action arising out of bodily injury (including death) to any  person or damage or loss to any property ("Harms"), irrespective of ARETH's fault (including, without limitation, breach of contract, tort including concurrent or sole and exclusive negligence,  strict  liability  or otherwise  of ARETH),  when  the Harms  result  from (i) the handling of specific products, materials specifically requested by ADMA, including but not limited to, human plasma, biological pharmaceuticals, by-products, clinical trial supplies, clinical trial samples, specimens, and  other  related  equipment,  supplies  or chemicals (ii) errors or omissions in ARETH' Services due  to  ARETH  being  required, directly or indirectly, by ADMA to take certain actions contrary to the recommendations of ARETH; (iii) errors or omissions in ARETH' Services while  assisting  in the commissioning, start-up or operation of ADMA's facilities; and (iv) the acts, errors,  omissions  or negligence of ADMA.

 

ARTICLE VIII 

 

LIMITATION OF LIABILITY

 

The total aggregate liability of ARETH arising out of the performance or breach of this Agreement shall not exceed the lesser of $100,000 or the total amounts paid by ADMA to ARETH in the prior 12 calendar months. Notwithstanding any other provision of this Agreement, ARETH shall have no liability to the ADMA for contingent, consequential or other indirect damages including, without limitation, damages for loss of use, revenue or profit; operating costs and facility downtime; or other similar business interruption losses, however the same may be caused.  The limitations  and exclusions  of liability set forth in this Article VIII  shall apply  regardless  of the fault, breach of contract, tort (including the concurrent  or sole and exclusive  negligence), strict liability or otherwise of ARETH, its employees  or subconsultants.

 

ARTICLE IX 

 

INSURANCE

 

	
  

	
A.

	
During the term  of  this Agreement,  ARETH  shall, at its sole expense, secure and maintain  in force policies  of insurance  of the following types:

 

	
  

	
1.

	
Workers' compensation coverage in accordance with the statutory requirements of the jurisdiction in which services are to be performed.

 

	
  

	
2.

	
Employer's liability insurance with a minimum of $250,000.

 

	
  

	
3.

	
Comprehensive General Liability Insurance, subject to a limit for bodily injury and property damage combined of at least $1,000,000 aggregate.

 

	
  

	
4.

	
Automobile liability insurance subject to a limit for bodily injury and property damage combined, of at least $1,000,000 per occurrence.

 

	
  

	
B.

	
If requested, ARETH shall furnish ADMA  certificates  of  insurance  evidencing  the insurance  coverages  required  in  this Article  IX.   The certificates  shall stipulate that should any of the above insurance policies be cancelled before  the termination  of this Agreement,  the issuing company  will  endeavor to mail  thirty (30) days' written notice  to  ADMA.

 

  

3

  

 

	
  

	
C.

	
As between ARETH and ADMA,  ADMA  agrees to insure (or at its election  to self-insure)  its existing property and the facilities which are the subject of the ARETH' services, from  risks insurable under Fire and Extended Coverage, All Risk Builder's Risk, and Business Interruption Insurance policies. ADMA hereby waives  any  rights  which  it  or its  insurers may have against ARETH for any damages,  losses  or expenses  resulting  from  the risks  to be insured (or self-insured) by ADMA or its contractors on the  facilities  which  are  the subject of ARETH' Services, and ADMA agrees  to  include  ARETH  as  an  additional  insured in all such policies and in any waiver of rights obtained by  ADMA  from  its  contractor with respect to property  damage insurance carried by such contractor.

 

ARTICLE X 

 

RELATIONSHIP OF ARETH AND ADMA

 

Subject to the applicability of Article XVII, the ARETH shall be and shall operate  as  an  independent contractor with respect to  the  Services performed  under  this  Agreement  and  shall not be nor operate as an agent or employee  of ADMA.  This Agreement  is not intended  to be one  of hiring under the provisions  of  a Workers'  Compensation  statute  or other law  and  shall not be so construed. 

 

ARTICLE XI 

 

PERSONNEL

 

ARETH agrees that during ARETH' performance of Services hereunder, adequate provision shall be made to staff and retain the services of such competent personnel as may be appropriate or necessary for the performance of such Services. ADMA shall have the right to review the personnel assigned by ARETH, and ARETH shall remove any personnel not acceptable to ADMA. ARETH may remove personnel  assigned  to  the  Project  without  ADMA's  prior  approval, provided  the progress  of the Services shall not be unreasonably impaired.

 

ARTICLE XII

 

OWNERSHIP OF INSTRUMENTS OF SERVICE AND DATA

 

	
  

	
A.

	
All materials and information that are the property of ADMA and all copies or duplications thereof shall be delivered to ADMA by ARETH, if requested by ADMA, upon completion of Services. ARETH may retain one complete set of reproducible copies of all of its instruments of service.

 

	
  

	
B.

	
ARETH agrees they have no right, title or claim to the work, drug, programs, data which is preformed and conducted by ADMA.

 

	 	
C.

	

ADMA agrees that they have no right, title or claim to the work, business, SOP's, computer hardware, computer software, staff, buildings, assets or other data and work performed by ARETH or its affiliates in the premises or for services rendered under this agreement.

 

  

4

  

 

ARTICLE XIII 

 

PERMITS AND LICENSES

 

ARETH represents to ADMA that it has and will  maintain  during  the  performance  of  the  Services under this Agreement any permits or licenses which,  under  the regulations  of  federal, state, or local governmental authority, it may be required to maintain in order to perform  the Services.

 

ARTICLE XIV 

 

ADHERENCE TO LAWS

 

ARETH shall adhere to federal, state, and local laws, rules, regulations, and ordinances applicable to performance of the Services hereunder including, without limitation, all applicable provisions of federal and state law relating to equal employment opportunity and non­discrimination.

 

ARTICLE XV 

 

NONDISCLOSURE OF PROPRIETARY AND CONFIDENTIAL MATERIALS

 

ADMA and ARETH agree that any disclosure will be made on the following basis:

 

	 	
A.

	
Confidential ADMA Information  ("Primary Data") disclosed  to ARETH which  is identified in writing by ADMA as proprietary to ADMA shall be: (1) safeguarded, (2) maintained in confidence, and (3) made available by ARETH only  to  those  of  its  employees  or  others who have a need-to-know and agree to equivalent conditions pertaining to nondisclosure as contained  herein.

 

	
  

	
B.

	
Upon completion of the Project or sooner if ADMA so requests, the ARETH shall return to ADMA's representative all Primary Data furnished  to  the  ARETH  under  this  Agreement and shall, if requested, deliver to the ADMA's representative all drawings, schedules, calculations, and other documents generated by ARETH for use in connection  with  the  Project  ("Secondary Data").

 

	
  

	
C.

	
ARETH shall not use for itself or to disclose to third parties any Primary Data or Secondary Data without the prior written consent of Owner.

 

	
  

	
D.

	
The nondisclosure obligations pertaining to Primary and Secondary Data shall terminate three (3) years from date ARETH's association with this Project terminates.  The nondisclosure  obligations  shall not  apply to any  data which:

 

  

5

  

 

	 	
1.

	
Was known to the ARETH (and previously unrestricted) before disclosure of Primary Data to ARETH under this Agreement or before generation of Secondary Data;

 

	
  

	
2.

	
Is subsequently acquired by the ARETH from a third party who is not in default of any obligation restricting the disclosure of such information; or

 

	
  

	
3.

	
Is subsequently available or becomes generally available to the public.

 

	
  

	
E.

	
Notwithstanding this nondisclosure obligation, ARETH may nevertheless draw upon its experience in its future association with other companies.

 

ARTICLE XVI

 

FORCE MAJEURE

 

Any delays in or failure of performance by ARETH or ADMA, other than the payment of money, shall not constitute default hereunder if and to the extent such delays or failures of performance are caused by occurrences beyond the reasonable control of ADMA or ARETH, as the case may be, including but not limited to, acts of God or the public enemy; compliance with any order or request of any governmental authority; fires, floods, explosion, accidents; riots, strikes or other concerted acts of workmen, whether direct or indirect; or any causes, whether or not of the same class or kind as those specifically named above, which are not within the reasonable control of ADMA or ARETH respectively. In the event that any event of force majeure as herein defined occurs, ARETH shall be entitled to a reasonable extension of time for performance of its Services under this Agreement.

 

ARTICLE XVII

 

LIMITED AGENCY - PROCUREMENT SERVICES

 

	
  

	
If this Agreement authorizes ARETH to perform procurement Services, the following terms will apply:

 

	
  

	
A.

	
ADMA appoints ARETH as its Agent, and ARETH accepts such appointment to purchase in ADMA's name and on behalf of ADMA, equipment, materials, supplies and services in connection with the project(s).

 

	
  

	
B.

	
Such purchases shall be made by a special purchase order provided by ADMA, or such other forms, terms and conditions, or modifications or revisions to said forms as ADMA may in its sole discretion at any time instruct ARETH to use. ARETH shall furnish ADMA with a copy of the purchase order document at the time the purchase order is issued. All purchases shall be carried out in accordance with the procedures mutually agreed upon by ADMA and ARETH.

 

	
  

	
C.

	
ARETH shall not have authority to accept or bind ADMA in any way to changes, modifications, revisions, alterations, amendments, or supplemental, additional, or different terms and conditions (hereinafter referred to as "deviations") which may be submitted or requested by a vendor or contractor. ARETH shall immediately submit any deviations  from  ADMA's   standard   terms   and   conditions   to  ADMA   for  review   by  ADMA's Purchasing Manager or his representative and such deviations shall not be accepted by ARETH unless ARETH receives express written approval thereof from ADMA's Purchasing Manager or his representative.

 

  

6

  

 

	
  

	
D.

	
All purchase orders issued by ARETH hereunder shall be signed by ARETH for ADMA. The ownership and title of all items purchased hereunder shall pass directly from the selling party to ADMA, and ARETH shall at no time be a party to such transaction other than as agent of ADMA unless requested by ADMA to do so. ADMA shall have the unilateral right to have the commitment authority of ARETH, its employee or this limited agency authorization in its entirety revoked and cancelled at any time, with or without cause. ADMA shall be obligated directly to the selling party for all payments for materials, equipment, supplies and services procured hereunder.

 

	
  

	
E.

	
ARETH shall maintain at all times at its offices in Ramsey, NJ, a complete file of all commitments, drawings, specifications, insurance certificates, guarantees and warranties relating to its work on behalf of ADMA, and these shall remain the property of ADMA and shall be turned over to ADMA at the conclusion of the project.

 

	
  

	
F.

	
The agency relationship created hereby shall be limited to the purchase of materials, equipment, supplies and services for the project and to such ancillary activities as may be necessary or appropriate in connection therewith, including but not limited to, freight movement, freight consolidation and freight forwarding; expediting of deliveries of purchased items, and receiving reports for such items when they arrive at the project.

 

	
  

	
G.

	
ARETH shall not have authority to make any representation on behalf of ADMA or to commit ADMA in any way beyond the express authority granted by this Article XVII, unless otherwise granted by ADMA in writing.

 

	
  

	
H.

	
ADMA shall hold ARETH and its employees harmless from any claims, suits or liabilities arising out of any breach or other failure of performance by any contractor, vendor or supplier under any contract or purchase order issued by ARETH hereunder.

 

	
  

	
I.

	
ARETH shall give ADMA immediate notice in writing of any action, suit or lien filed or to be filed, and prompt notice of any claim made against ADMA or ARETH by any vendor, contractor or subcontractor which may result in litigation or a lien in any way related to the project. ARETH's liability for its Services is as stated in Article VI  and, except for the gross negligence or willful misconduct of ARETH or its employees, ADMA will defend and indemnify ARETH from any actions, suits, liens or claims asserted by any vendor, contractor or subcontractor.

 

ARTICLE XVIII

 

ADDITIONAL SERVICES

 

If this Agreement includes the furnishing of construction consulting Services by ARETH, the following terms will apply:

 

  

7

  

 

	
  

	
A.

	
If ARETH is called upon to observe the work of ADMA's construction service contractor(s) for the detection of defects or deficiencies in such work, ARETH will not bear any responsibility or liability for such defects or deficiencies or for the failure to so detect. ARETH shall not make inspections or reviews of the safety programs or procedures of the construction service contractor(s), and shall not review their work for the purpose of ensuring their compliance with safety standards.

 

	
  

	
B.

	
ARETH shall not assume any responsibility or liability for performance of the construction services, or for the safety of persons and  property  during  construction,  or  for  compliance with federal, state  and local  statutes, rules, regulations  and  codes  applicable  to the conduct  of  the construction services.

	
  

	
C.

	
All services performed by others, including construction service contractors and their subcontractors, shall be warranted only by such others and not by the ARETH.

 

	
  

	
D.

	
All contracts between ADMA and its construction service contractor(s) shall contain broad form indemnity and insurance clauses in favor of ADMA and ARETH, in a form satisfactory to ARETH.

 

ARTICLE XIX

 

GOVERNING LAW

 

This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey.

 

ARTICLE XX

 

ALTERNATE DISPUTE RESOLUTION

 

	
  

	
A.

	
ADMA and ARETH understand and appreciate that their long term mutual interests will be best served by affecting a rapid and fair resolution of any claims or disputes which may arise out of the Services performed under this Agreement or from any dispute concerning Agreement terms. Therefore, both Parties agree to use their best efforts to resolve all such disputes as rapidly as possible on a fair and equitable basis. The first stage of the resolution process shall be negotiations between the respective project managers of the Parties.

 

	
  

	
B.

	
If any dispute or claim arising under this Agreement cannot be readily resolved by the Parties pursuant to negotiations between the project managers, the Parties agree to refer the matter to a panel consisting of one (1) executive from each party not directly involved in the claim or dispute for review and resolution. A copy of the Agreement and other relevant documents, agreed upon facts (and areas of disagreement), and concise summary of the basis  for each side's contentions will be provided to both executives who shall review the same, confer, and attempt to reach  a mutual resolution of the issue.

 

	
  

	
C.

	
If the dispute has not been resolved under the process  set forth in Section B within thirty (30) days after the dispute  was first referred  to the executive panel,  the Parties  will  attempt  to resolve the dispute through non-binding mediation. If the mediation is to be utilized, the Parties  shall  select  a  single unrelated  but  qualified  Mediator  who  shall  conduct a meeting (not to exceed one day) during which each party shall present its version of the facts  (supported by relevant documents), its assessment of damages,  and  its  argument.  The Parties shall provide the Mediator with copies of all documents provided to their executives under Section B at least ten (10) days prior to the scheduled date of the mediation meeting.  The Parties may also provide the Mediator with copies of any laws or regulations that they feel are relevant to the dispute. A copy of the Agreement will be provided to the Mediator. Formal written arguments, legal memorandum, and live testimony are discouraged but may be permitted at the discretion of the Mediator. Each party agrees to make any relevant, non-privileged documents available to the other party for its review and use in preparing its position under this clause without the need for subpoena or other court order.

 

  

8

  

 

	
  

	
D.

	
After the presentations of the Parties, the Mediator will meet with both Parties and provide each of them, on a confidential basis, with his/her views of the strengths and weaknesses of their respective positions. The Parties will then attempt to resolve the matter with the assistance of the Mediator.  If the Parties cannot achieve resolution at the mediation meeting or within forty-eight (48) hours after the close of such meeting, the Mediator will, within fifteen (15) additional days, issue a written, non-binding decision on the disputed issues.

 

	
  

	
E.

	
If the matter has not been resolved utilizing the processes set forth above and the Parties are unwilling to accept the non-binding decision of the Mediator, either or both Parties may then elect to pursue resolution through litigation. In the event of any litigation between the Parties, it is agreed and stipulated that the case shall be heard and decided by the court, without a jury.

 

	
  

	
F.

	
The costs of the Mediator shall be borne by the losing party (determined at mediation or through subsequent litigation).  Each Party will bear its own costs of mediation.

 

ARTICLE XXI

 

NOTICES AND/OR COMMUNICATIONS

 

All notices and/or communications to be given under this Agreement shall be in writing and shall be addressed as follows:

 

 

	
To ARETH:

 

Original to: Jim Komas

Position:     Vice President, Operations 

Address:     465 Route 17 South, Ramsey, NJ 07446

 

	
To ADMA:

 

Original to: Adam S. Grossman 

Position:     President & CEO

Address:     465 Route 17 South,Ramsey, NJ 07446

 

 

  

9

  

 

	
  

	
Either party may, by written notice to the other, change the representative or the address to which such notices, certificates, or communications are to be sent.

 

ARTICLE XXII

 

WAIVER

 

Waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way effect, limit, or waive such party's rights thereafter to enforce and compel strict compliance with all the terms and conditions of this Agreement.

 

ARTICLE XXIII

 

SEVERABILITY

 

Any provision of this Agreement prohibited by law shall be ineffective to the extent of such prohibition without invalidating the remaining provisions of this Agreement.

 

ARTICLE XXIV

 

ENTIRETY OF AGREEMENT

 

This Agreement constitutes the entire Agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and discussions concerning the subject matter hereof.

 

[SIGNATURE PAGE FOLLOWS]

 

  

10

  

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date first above written.

 

	
ARETH:

 

By: /s/ Jim Komas

Title: Vice President, Operations

	ADMA: 

By: /s/ Adam S. Grossman

Title: President and CEO

 

[SIGNATURE PAGE TO AMENDED AND RESTATED SERVICES AGREEMENT]

 

  

 

  

 

EXHIBIT A - COMPENSATION RATES

1.           Rent (Base) includes - All furniture, desks, offices, cubicles, conference rooms use (existing

space), lunch room/kitchen use, Warehouse use, parking – 12,000sq ft for 2016 forward on an annually renewal basis ($16 per sq ft)

2.           Services Include the following:

	
  

	
·

	
Office Equipment (Telephone system, Voicemail, Fax, Copier, Scanner, Computers)

	
  

	
·

	
Office Equipment Services (all base service charges and costs on above equip)

	
  

	
·

	
T1 Data - Internet, Microsoft Exchange E-mail, VPN & Terminal Services Accounting Software, Inventory Software, All Existing Computer programs

	
  

	
·

	
Office Cleaning Services

	
  

	
·

	
Garbage Removal

	
  

	
·

	
Electric, Gas, Water - Electric  will be billed to ADMA for its actual use if ADMA elects to utilize and occupy additional space over and above the 12,000sq ft

	
  

	
·

	
Security Monitoring Services

	
  

	
·

	
Warehousing - Freezers (Existing), Refrigerators (Existing), Packing Materials (Boxes, shipping materials and supplies, Warehousing staff, receipt of goods and leveraging any shipping rate discounts)

3.           All additional expenses  incurred  by the  building  tenants  such as  but not limited to:

	
  

	
·

	
Office repair and Maintenance, snow removal, landscaping, HVAC repair, etc. will be charged to ADMA at a rate equal to the amount of space utilized in the building.

For 2016 the rate would be 25% - For 2017 forward the rate would be 30%.

For CY 2016 forward rent will be calculated at 12,000sq ft unless the actual amount of space increases due to company growth at ADMA’s option.  [12,000 * $16 per square foot = $192,000 / 12 months = $16,000 per month]

 

  

 

  

 

Responsibilities of Areth LLC in Relation to Provision of Services to ADMA Biologics

	
  

	
1.

	
Maintain facilities and operations according to its SOP's, including receiving areas, cold storage (2-8°C) areas, and shipping areas.

	
  

	
2.

	
Maintain appropriate inventories of packaging and shipping supplies.

	
  

	
3.

	
Receive and examine incoming products and materials according to agreed upon protocols, and complete agreed upon documents related to this work.

	
  

	
4.

	
Promptly report to ADMA Biologics any deviations related to receipt of materials.

	
  

	
5.

	
Unpack and place received materials into areas dedicated to ADMA Biologics product. Record time and location of placement of materials, and temperature of storage area.

	
  

	
6.

	
Monitor temperatures according to accepted protocols, and document the results.

	
  

	
7.

	
Report any temperature deviations promptly to ADMA Biologics.

	
  

	
8.

	
Work with ADMA Biologics to rectify any problems and to correct any deviations.

	
  

	
9.

	
When instructed by ADMA Biologics, retrieve materials and package for shipping, with documentation, according to agreed upon protocols, including any temperature control materials, inserted documents and labeling.

	
  

	
10.

	
Arrange for shipping according to agreed upon protocols, and maintain documentation of request for pickup and actual shipping.

	
  

	
11.

	
Provide 24 hour security and monitoring for all ADMA temperature sensitive materials.bll_Ex10_1

		
			Exhibit 10.1
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Ball Corporation
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Deposit Share Program
		

		
			 
		

		
			 
		

		
			for United States Participants
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Confidential
		

		
			 
		

		
			 
		

		
			

		 

 

Table of Contents
		

		
			 
		

			
					
						1.

					
					
						Purpose

					
1 
				
	
					
						2.

					
					
						Definitions

					
1 
				
	
					
						 

					
					
						2.1

					
					
						Award Date

					
1 
				
	
					
						 

					
					
						2.2

					
					
						Award Letter

					
1 
				
	
					
						 

					
					
						2.3

					
					
						Acquisition Period

					
1 
				
	
					
						 

					
					
						2.4

					
					
						Change in Control

					
1 
				
	
					
						 

					
					
						2.5

					
					
						Cliff Lapse

					
1 
				
	
					
						 

					
					
						2.6

					
					
						Committee

					
1 
				
	
					
						 

					
					
						2.7

					
					
						Disability

					
1 
				
	
					
						 

					
					
						2.8

					
					
						Effective Date

					
1 
				
	
					
						 

					
					
						2.9

					
					
						Grant Date

					
1 
				
	
					
						 

					
					
						2.10

					
					
						Holding Period

					
1 
				
	
					
						 

					
					
						2.11

					
					
						Newly Acquired Shares

					
2 
				
	
					
						 

					
					
						2.12

					
					
						Participant

					
2 
				
	
					
						 

					
					
						2.13

					
					
						Program

					
2 
				
	
					
						 

					
					
						2.14

					
					
						Restricted Stock Units (“RSUs”)

					
2 
				
	
					
						 

					
					
						2.15

					
					
						Retirement

					
2 
				
	
					
						3.

					
					
						RSU Grant

					
2 
				
	
					
						 

					
					
						3.1

					
					
						Form of Grant

					
2 
				
	
					
						 

					
					
						3.2

					
					
						Minimum Number of Newly Acquired Shares

					
2 
				
	
					
						 

					
					
						3.3

					
					
						Granting of RSUs

					
3 
				
	
					
						4.

					
					
						Holding Period for the Newly Acquired Shares

					
3 
				
	
					
						5.

					
					
						Lapse of Restrictions

					
3 
				
	
					
						 

					
					
						5.1

					
					
						Cliff Lapse

					
3 
				
	
					
						 

					
					
						5.2

					
					
						Accelerated Lapse Rate

					
3 
				
	
					
						6.

					
					
						Additional Cash Payment

					
3 
				
	
					
						7.

					
					
						Retirement, Disability or Death

					
3 
				
	
					
						 

					
					
						7.1

					
					
						Retirement

					
3 
				
	
					
						 

					
					
						7.2

					
					
						Disability or Death

					
4 
				
	
					
						8.

					
					
						Forfeiture

					
					
						 

					
4 
				
	
					
						9.

					
					
						Defer Release of RSUs

					
4 
				
	
					
						10.

					
					
						Miscellaneous

					
4 
				
	
					
						 

					
					
						10.1

					
					
						Administration of the Program

					
4 
				
	
					
						 

					
					
						10.2

					
					
						Amendment and Termination of Program

					
5 
				
	
					
						 

					
					
						10.3

					
					
						Successors and Mergers, Consolidations, or Change in Control

					
5 
				
	
					
						 

					
					
						10.4

					
					
						Recoupment of Awards Resulting from Fraud or Intentional Misconduct

					
5 
				
	
					
						 

					
					
						10.5

					
					
						Employment or Future Eligibility to Participate Not Guaranteed

					
5 
				
	
					
						 

					
					
						10.6

					
					
						Gender, Singular or Plural

					
6 
				
	
					
						 

					
					
						10.7

					
					
						Captions

					
6 
				
	
					
						 

					
					
						10.8

					
					
						Applicable Law

					
6 
				
	
					
						 

					
					
						10.9

					
					
						Validity

					
6 
				

		
			 
		

		
			 
		

		
			

		 

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

Deposit Share Program  (“Program”)
		

		
			 
		

		
			1.           Purpose
		

		
			 
		

		
			To encourage key executives to acquire a larger equity ownership interest in the Corporation to further align the personal interests of the Participants with the interests of the shareholders of the Corporation, in order to promote share price growth and enhancement of shareholder value.
		

		
			 
		

		
			2.           Definitions
		

		
			 
		

		
			2.1         Award Date means the actual date the Participant is given the opportunity to purchase Newly Acquired Shares pursuant to the Program.
		

		
			 
		

		
			2.2         Award Letter means the document notifying the Participant of his/her participation in the Program along with specific terms related to such participation.
		

		
			 
		

		
			2.3         Acquisition Period means the time period during which the Participant may acquire shares pursuant to this Program.
		

		
			 
		

		
			2.4         Change  in Control means “Change in Control” as defined in the Ball Corporation 2013 Stock and Cash Incentive Plan or its successor.
		

		
			 
		

		
			2.5         Cliff Lapse means restrictions lapse at one time on the date established on the date of grant of Restricted Stock Units under the Program.
		

		
			 
		

		
			2.6         Committee means the Human Resources Committee of the Board of Directors of Ball Corporation.
		

		
			 
		

		
			2.7         Disability means a bodily injury or disease that totally and continuously prevents the Participant, for a period as defined in the Corporation’s applicable policies, from engaging in the Participant’s regular occupation.
		

		
			 
		

		
			2.8         Effective Date means July 27, 2016, which is the effective date of the Amended and Restated Deposit Share Program.
		

		
			 
		

		
			2.9         Grant Date means the actual date the Restricted Stock Units are granted pursuant to this Program.
		

		
			 
		

		
			2.10       Holding Period means the time period during which a Participant is required to retain Newly Acquired Shares in order to have the restrictions lapse on Restricted Stock Units.
		

		
			
		

		
			

		 

		

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			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

2.11       Newly Acquired Shares means Ball Corporation Common Stock acquired during the Acquisition Period, including shares acquired via market purchase, stock option / stock appreciation right exercise or units acquired through the deferral of economic value added incentive compensation to the Ball Corporation 2005 Deferred Compensation Company Stock Plan.  It does not include Ball Corporation Common Stock obtained via a restricted stock unit grant or vesting that is unrelated to this Program,  employer matching contributions to the Ball Corporation 2005 Deferred Compensation Company Stock Plan, or its successor, or by a Participant through the Corporation’s other benefit plans, which include but are not limited to the Ball Corporation 401(k) and Employee Stock Ownership Plan and the Employee Stock Purchase Plan.
		

		
			 
		

		
			2.12       Participant means an employee who has been selected for participation in the Program by management and approved by the Committee.
		

		
			 
		

		
			2.13       Program means the Amended and Restated Deposit Share Program as set forth in this document and as amended from time to time.
		

		
			 
		

		
			2.14       Restricted Stock Units (“RSUs”) means units of stock that are awarded to a Participant under this Program pursuant to the Ball Corporation 2013 Stock and Cash Incentive Plan or its successor.
		

		
			 
		

		
			2.15       Retirement means termination of employment by a Participant for whatever reason other than death or disability after attainment of age and service years which, when combined, equals or exceeds seventy (70), subject to a minimum age of fifty-five (55). This definition of Retirement is subject to any existing or additional statutory requirements or prescribed definition of retirement as set forth by local laws in jurisdictions where the Program is to be implemented and which would take precedence.
		

		
			 
		

		
			3.           RSU Grant
		

		
			 
		

		
			3.1         Form of Grant–The grant under this Program shall be a RSU grant pursuant to the Ball Corporation 2013 Stock and Cash Incentive Plan or its successor.  If, at any time or from time to time, during the Acquisition Period, or within 45 days thereafter, the Participant provides documentation to the Executive Compensation Programs Department of the Corporation, reasonably satisfactory to the Corporation, of Participant’s acquisition of Newly Acquired Shares during the Acquisition Period, together with a written promise by the Participant to retain the shares for the Holding Period, then the Corporation will grant the Participant a designated number of RSUs for each Newly Acquired Share so acquired as specified in the Participant’s Award Letter, up to the maximum number of RSUs also specified in the Participant’s Award Letter.
		

		
			 
		

		
			3.2         Minimum Number of Newly Acquired Shares–The minimum number of Newly Acquired Shares pursuant to market purchase or stock option/stock appreciation 
		

		
			
		

		
			

		 

		

			Page 2

		

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

right exercise that will be matched by RSUs at one time is the lesser of 500 shares or the amount required to complete the award.  The Participant may accumulate purchases, and when the total number of accumulated shares is equal to or exceeds 500 shares or the amount required to complete the award, the Participant may then request that matching RSUs be granted.  There is no minimum number of Newly Acquired Shares pursuant to deferral of economic value added incentive compensation that will be matched at one time. 
		

		
			 
		

		
			3.3         Granting of RSUs–Unless otherwise specified in the Award Letter, the RSUs will be granted on the 15th of each month provided the documentation required in this Section 3 is received on or before the 5th of that month, otherwise it will be granted the following month.  If the 15th occurs on a holiday or weekend, the RSUs will be issued on the workday immediately prior to that holiday or weekend.
		

		
			 
		

		
			4.           Holding Period for the Newly Acquired Shares
		

		
			 
		

		
			The Participant must agree that the Newly Acquired Shares for which the RSUs were granted will not be sold, transferred, or diversified, prior to the lapse of restrictions on the RSUs. Corporate officers are discouraged from pledging such shares, and should check with the General Counsel before doing so. For Participants that are not officers of the Corporation, a pledge of Newly Acquired Shares as collateral for any loan during the Holding Period is not considered to be a sale or transfer of the shares for purposes of this Program; however, in the event of default on the loan during the Holding Period, the Newly Acquired Shares will be considered to be sold and the RSUs will be forfeited.
		

		
			 
		

		
			5.           Lapse of Restrictions
		

		
			 
		

		
			5.1         Cliff Lapse–Except as provided herein, restrictions on all RSUs will cliff lapse on the date that is specified in the Award Letter and the Participant will be issued Ball Corporation Common Stock.
		

		
			 
		

		
			5.2         Accelerated Lapse Rate–The restrictions may lapse at an accelerated rate as specified in the Award Letter and the Participant will be issued Ball Corporation Common Stock.
		

		
			 
		

		
			6.           Additional Cash Payment
		

		
			 
		

		
			The Participant also will receive a dividend equivalent, if any, payable with respect to the RSUs  from the date of grant until restrictions lapse.
		

		
			 
		

		
			7.           Retirement, Disability or Death
		

		
			 
		

		
			7.1         Retirement–Participants who retire before restrictions lapse on RSUs granted under this Program will receive a prorated portion of their outstanding RSUs and 
		

		
			
		

		
			

		 

		

			Page 3

		

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

the restrictions on the prorated RSUs will lapse.  Fractional RSUs will be rounded up at proration.
		

		
			 
		

		
			Proration Calculation
		

		
			 
		

			
					
						Number of RSUs
outstanding on date of
retirement

					
					
						X

					
					
						Number of days from grant to retirement
Number of days from grant to scheduled
cliff lapse

					
					
						=

					
					
						Number of
RSUs
outstanding after
proration

				

		
			 
		

		
			7.2         Disability or Death–Restrictions on the RSUs outstanding at disability or death will lapse and Ball Corporation common stock will be issued to the Participant or the Participant’s estate or beneficiary.
		

		
			 
		

		
			8.           Forfeiture
		

		
			 
		

		
			All rights in and to any and all RSUs granted pursuant to this Program which have not had restrictions lapse as described above in this Program, shall be forfeited upon the Participant’s termination from the Corporation, except as provided for in Section 7. Any Participant whose employment terminates for cause, regardless of Retirement status, shall all outstanding RSUs under this Program.  In addition, any RSUs granted pursuant to this Program shall be forfeited if the Newly Acquired Shares to which the RSUs relate are sold or transferred by the Participant prior to the lapse of restrictions on such RSUs.  For each RSU for which the restrictions have lapsed, the holding period requirement for the Newly Acquired Shares for which the RSUs were granted shall also end.
		

		
			 
		

		
			9.           Defer Release of RSUs
		

		
			 
		

		
			Certain Participants may be eligible to defer the release of their RSUs where allowed by laws of the country that apply to the Participant.  Such opportunity to defer is not guaranteed.
		

		
			 
		

		
			If deferral is permitted, Participants in the Program may defer RSUs granted under this Program into the Ball Corporation 2005 Deferred Compensation Company Stock Plan, or its successor, by making an election to defer by the election deadline applicable to their RSU grant date.  If a Participant elects to defer, their deferred RSUs will be credited as units to the Participant’s designated account(s) in the Ball Corporation 2005 Deferred Compensation Company Stock Plan or its successor upon lapse.  Upon deferral, the units credited may be eligible for employer matching contributions under the Ball Corporation 2005 Deferred Compensation Company Stock Plan or its successor.  Restrictions and the Participant’s rights with respect to such units will be determined under the terms of the Program.  The actual of the RSUs will not occur until restrictions lapse on the RSUs.
		

		
			 
		

		
			10.          Miscellaneous
		

		
			 
		

		
			10.1       Administration of the Program–The Human Resources Committee of the Board of Directors shall be the sole administrator of the Program.  The Committee shall 
		

		
			
		

		
			

		 

		

			Page 4

		

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

have full power to formulate additional details and regulations for carrying out this Program.  The Committee shall also be empowered to make any and all of the determinations not herein specifically authorized which may be necessary or desirable for the effective administration of the Program.  Any decision or interpretation of any provision of this Program adopted by the Committee shall be final and conclusive.
		

		
			 
		

		
			10.2       Amendment and Termination of Program–The Committee may at any time amend the Program in whole or in part; provided, however, that no amendment shall be effective to affect the Participant’s vested right therein, and, except as provided below, no amendment shall be effective to decrease the future benefits under the Program payable to any Participant or beneficiary with respect to any amount granted or vested prior to the date of the amendment.  Written notice of any amendments shall be given promptly to each Participant.  No notice shall be required with respect to amendments that are non-material or administrative in nature.
		

		
			 
		

		
			10.3       Successors and Mergers, Consolidations, or Change in Control–The terms and conditions of this Program shall enure to the benefit of and bind the Corporation, the Participants, their successors, assignees, and personal representatives.  If a Change in Control shall occur then the rights and obligations shall be those outlined in the 2013 Stock and Cash Incentive Plan, or its successor.
		

		
			 
		

		
			10.4       Recoupment of Awards Resulting from Fraud or Intentional Misconduct–If the Board or an appropriate Committee of the Board determines that any fraud or intentional misconduct by one or more Officers or other executives of the Corporation, or an affiliate, at a level of Vice President or above caused the Corporation, directly or indirectly, to restate its financial statements and the Officer or such executive has received more compensation than would have been paid absent the fraud or intentional misconduct, the Board or Committee, in its discretion, shall take such action as it deems necessary or appropriate to remedy the fraud or intentional misconduct and prevent its recurrence.  Such action may include, to the extent permitted by applicable law, in appropriate cases, requiring partial or full reimbursement of any incentive compensation paid to the Officer or such executive or causing partial or full cancellation of any outstanding RSUs previously granted to such Officer or such executive in the amount by which the value of the such compensation exceeds or exceeded any lower value that would have resulted based on the restated financial results.
		

		
			 
		

		
			10.5       Employment or Future Eligibility to Participate Not Guaranteed–Nothing contained in this Program, nor any action taken hereunder, shall be construed as a contract of employment or as giving any Participant any right to be retained in the employ of the Corporation.  Designation as a Participant is discretionary, is not a contractual right, and may be revoked at any time by the Committee with respect to any RSUs not yet granted.
		

		
			
		

		
			

		 

		

			Page 5

		

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

		

 

10.6       Gender, Singular and Plural–All pronouns and any variations thereof shall be deemed to refer to the masculine and feminine gender as the identity of the person or persons may require.  As the context may require, the singular may be read as the plural and the plural as the singular.
		

		
			 
		

		
			10.7       Captions–The captions to the articles, sections, and paragraphs of this Program are for convenience only and shall not control or affect the meaning or construction of any of its provisions.
		

		
			 
		

		
			10.8       Applicable Law–This Program shall be governed and construed in accordance with the laws of the State of Indiana.
		

		
			 
		

		
			10.9       Validity–In the event any provision of this Program is held invalid, void, or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provision of this Program.
		

		
			 
		

		 

		

			Page 6

		

		

			Effective Date March 7, 2001

		

		

			Amended and Restated July 27, 2016

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