Document:

Exhibit 10.20

 

 

 

 

October
14, 2005

 

Stellar
Biotechnologies, Inc.

417 E. Port Hueneme
Road 

Port Hueneme, CA 93041

 

		SUBJECT:	LETTER AGREEMENT/LEASE
AMENDMENT 1 WITH RESPECT TO EXTENSION OF LEASE TERM AND ESTABLISHMENT OF NEW BASE RENT FOR UNITS #4 AND #5 AND ESTABLISHMENT OF
NEW COMMENCEMENT DATE FOR UNIT #7 OF THE PORT HUENEME AQUACUL
TUIRE CENTER

 

Gentlemen:

 

In
accordance with Paragraph 58 of the Addendum to that certain Sublease, dated
October 2, 2000, by
and between Stellar Biotechnologies,
Inc. ("Stellar'')
and the Port Hueneme
Surplus Property Authority ("SPA")
for Units #3, #4,
and

#5
, Stellar has notified the SPA of its desire to exercise
its option with respect to Units #4 and #5 for five-years
and the SPA has accepted pursuant to SPA Resolution No. 30
(attached). Stellar's Sublease of Unit #3 terminated
of its own accord on October 2,
2005 .

 

Paragraph
58 of the Sublease Addendum obliges the Parties to agree with respect to the current Market Rental Rate for option periods,
which on the basis
of all recent leasing activity at the Port Hueneme Aquaculture
Center is currently

$0.15
per square foot of land per month with subsequent annual
cost of living ("CPI")
increases for years
4 through 5.

 

Accordingly,
Paragraph 60 of the Addendum is hereby amended and replaced
by the following revision:

 

60.
Establishment of Base Rent During the First Five-Year Option
Period. Commencing October 1, 2005
and continuing through September 30, 2006 , Lessee's
Base Rent shall be increased to $4,454.85/month
for Units #4 and
#5. This rental rate takes into account the previously
agreed to concept that 1,000 square feet of Unit #4
is associated with the pump house, and Stellar
is not required to pay rent on that common area.
On October 1, 2006
the Base Rent shall be adjusted (but not reduced) for increases, if
any, in the CPI index
(for Ventura County, if
available; otherwise for the Los Angeles/Long Beach metropolitan area), which occurred during
the preceding twelve (12) month period. A similar adjustment
shall be made on each October 1st thereafter for the remaining
term of the option period ending in 2010.

 

  

 

250
North Ventura Road •
Port Hueneme, California
93041 • Phone
(805) 986-6500

     

     

    

2

 

 

With
respect to Unit #7, the "Commencement
Date" set forth in Paragraph 60 of the Addendum to
that certain additional Sublease, dated August 1,
2005, by and between
Stellar and the SPA is hereby changed from August 1, 2005
to October 1, 2005 to reflect the delay in occupancy by Stellar due to required tenant improvement work.

 

All
other terms, conditions and provisions of both Subleases shall remain
in full force and effect.

 

Please
indicate Stellar's concurrence with these Sublease Amendments by executing and dating this letter below and returning same to this
office.

 

 

	 	Sincerely,

                            

/s/
Robert Hunt

 

Robert
L. Hunt SPA Manager

 
   

The
foregoing Amendments to the two Subleases as described above are agreed to this 31st day of October,
2005.

 

 

/s/
Frank R. Oakes                                         

Frank R. Oakes

Chairman,
STELLAR BIOTECHNOLOGIES, INCExhibit 10.21

 

 

UNITS #4 AND #5

SUB-LEASE AMENDMENT
NO. 3

 

 

Amendment
of Sub-Lease

 

Pursuant
to Section 47 of the Standard Industrial/Commercial Single-Tenant Sub Lease between the Port Hueneme Surplus Property Authority
and Stellar Biotechnologies, Inc. commencing November 1, 2000, the Lessor and Lessee hereby modify the beginning of Paragraph
58 of said Sub-Lease to read as follows:

 

"58.
Option to extend. Lessor hereby grants to Lessee the option to extend the Term of this Lease for three (3) additional five (5)
year option periods commencing November 1, 2015, for the first option, November 1, 2020, for the second option , and November
1, 2025, for the third option subject to each and all of the following terms and conditions: ...."

 

For
the twelve month period of time commencing November 1, 2015, Lessee and Lessor hereby agree that the new Base Rent under the Sub-Lease
shall be $0.20 per square foot of land. Accordingly, Paragraph 60 of said Sublease is hereby amended and replaced by the following:

 

"
60. Establishment of Base Rent.

Commencing
November 1, 2015 and continuing through October 31, 2016, Lessee's Base Rent for Units #4
and #5 shall be $5,940. This rental rate takes into account the 1,000 square feet of Unit #4
that is associated with the common area pump house, and Lessee is not required to pay rent on said common area square footage.
On November 1, 2016, the Base Rent shall be adjusted, and on each anniversary date for the remainder of the Sublease term, by
any increase in the Consumer Price Index (for Ventura County, if available; otherwise for the Los Angeles/Long Beach metropolitan
area) that occurred over the preceding 12 month period (but not reduced)."

 

     

     

    

Lessor
and Lessee hereby consent to the foregoing Amendment of the Sublease. This Amendment does not release Lessee from liability for
any obligations of the Sublease under the Sublease.

  

 

	Dated: 6/4/15                            	Stellar Biotechnologies, Inc.
	 	 
	 	By: 	/s/ Frank Oakes
	 	 	Frank Oakes, CEO
Lessee

 

 

	Dated: 6/1/15                            	Port Hueneme Surplus Property Authority
	 	 
	 	By: 	/s/ Cynthia Haas
	 	 	 Cynthia Haas, Manager
LessorExhibit 10.22

 

UNIT #7

SUB-LEASE AMENDMENT
NO. 2

 

Amendment
of Sub-Lease.

 

Pursuant
to Section 47 of the Standard Industrial/Commercial Single-Tenant Sub- Lease between the Port Hueneme Surplus Property Authority
and Stellar Biotechnologies, Inc. dated August 1, 2005, the Lessor and Lessee hereby modify the beginning of Paragraph 58 of said
Sub-Lease to read as follows:

 

"58.
Option to extend. Lessor hereby grants to Lessee the option to extend the Term of this Lease for two (2) additional five (5) year
option periods commencing October 1, 2020, for the first option and October 1, 2025, for the second option subject to each and
all of the following terms and conditions:...."

 

For
the twelve month period of time commencing October 1, 2015, Lessee and Lessor hereby agree that the new Base Rent under the Sub-Lease
shall be $0.20 per square foot of land. Accordingly, Paragraph 60 of said Sublease is hereby amended and replaced by the following:

 

"60.
Establishment of Base Rent. Commencing October 1, 2015 and continuing through September 30, 2016, Lessee's Base Rent for
Unit #7 shall be $2,899. On October 1, 2016, the Base Rent shall be adjusted, and on each anniversary date for the remainder of
the Sublease term, by any increase in the Consumer Price Index (for Ventura County, if available; otherwise for the Los Angeles/Long
Beach metropolitan area) that occurred over the preceding 12 month period (but not reduced)."

 

 

     

     

    

 

Lessor
hereby acknowledges and agrees to the last of two five year options to extend the Unit #7 Sub-Lease for the period of
October 1, 2015 through September 30, 2020 and Lessor and Lessee hereby consent to the foregoing Amendment of the Sub-Lease.
This Amendment does not release Lessee from liability for any obligations of the Sub-Lease under the Sub-Lease.

 

 

	Dated: 6/4/15                            	Stellar Biotechnologies, Inc.
	 	 
	 	By: 	/s/ Frank Oakes
	 	 	Frank Oakes, CEO
Lessee

 

 

	Dated: 6/1/15                            	Port Hueneme Surplus Property Authority
	 	 
	 	By: 	/s/ Cynthia Haas
	 	 	 Cynthia Haas, Manager
LessorEX-10.35

 Exhibit 10.35 

MERGER INCENTIVE BONUS AGREEMENT 

This Merger Incentive Bonus Agreement (the “Agreement”) is made effective as of November 18, 2015 (the
“Effective Date”) between Celladon Corporation (the “Company”), and Fredrik Wiklund (the “Employee”). 

RECITALS 

WHEREAS, the Company has entered into an Agreement and Plan of Merger and Reorganization dated
November 18, 2015 (the “Merger Agreement”) by and among the Company, Celladon Merger Sub, Inc. (“Merger Sub”) and Eiger Biopharmaceuticals, Inc. (“Eiger”), pursuant
to which and subject to the terms and conditions set forth in the Merger Agreement, upon consummation of the merger, Merger Sub would cease to exist, and Eiger would become a wholly-owned subsidiary of the Company (the
“Merger”); and 
 WHEREAS, the Company believes that it is in the best
interests of the Company and its stockholders to provide Employee with the potential benefits described herein to incentivize Employee to remain employed by the Company and to work towards key milestones associated with the Merger. 

NOW THEREFORE, in consideration of the mutual promises, covenants and agreements contained
herein, the Company and Employee hereto agree as follows: 
 1.      MILESTONE
BONUSES. Employee will be eligible to receive a lump sum cash payment in an amount equal to $50,000, less standard deductions and withholdings (each such payment, a “Bonus”), upon completion
of the each of the following milestone events relating to the Merger (each, a “Milestone”): 
  

	 	A.	Filing with the U.S. Securities and Exchange Commission (the “SEC”) of the Registration Statement on Form S-4 under the Securities Act of 1933, as amended (the “Securities
Act”) for the Merger; 

  

	 	B.	Mailing of the definitive Proxy Statement/Prospectus for the Merger; and 

  

	 	C.	Approval of the Merger by the Company stockholders, in accordance with applicable law and the terms of the Merger Agreement. 

2.      ELIGIBILITY. Employee will be eligible to receive a Bonus if the
Employee remains continuously employed with the Company as of the date of occurrence of the applicable Milestone. 

3.      PAYMENT OF BONUS. Each Bonus, if any,
shall be paid to Employee in a single lump sum cash payment within 30 days of the date of the occurrence of the applicable Milestone, but in any event prior to the closing of the Merger. 

4.      APPLICATION OF SECTION 409A. It is intended
that this Agreement and the benefits and payments hereunder satisfy, to the greatest extent possible, the exemption from the application of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and
the regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”) provided under Treasury Regulation Sections 1.409A-1(b)(4), or such other applicable exemption under
Section 409A and any ambiguities herein shall be interpreted accordingly. To the extent not exempt from Section 

 
409A, this Agreement (and any ambiguities hereunder) will be construed in a manner that complies with Section 409A, and incorporates by reference all required definitions and payment terms.

 6.      MISCELLANEOUS PROVISIONS. 

(a) This Agreement is only intended to provide Bonus opportunities on the terms specified herein. This Agreement does not constitute an
employment agreement and does not give Employee or other person any right (i) to be retained in the employ or service of the Company or (ii) to interfere with the right of the Company or successor to the Company to discharge Employee or
other person at any time and for any reason, which right is hereby reserved. 
 (b) This Agreement will bind the heirs, personal
representatives, successors and assigns of both Employee and the Company, and inure to the benefit of both Employee and the Company, their heirs, successors and assigns. 

(c) If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination shall not
affect any other provision of this Agreement and the provision in question shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under applicable law. 

(d) This Agreement shall be construed and enforced in accordance with the laws of the State of California without regard to conflicts
of law principles. Any waiver of a breach of this Agreement, or rights hereunder, shall be in writing and shall not be deemed to be a waiver of any successive breach or rights hereunder. This Agreement may be executed in counterparts which shall be
deemed to be part of one original, and facsimile signatures shall be equivalent to original signatures. 
 IN WITNESS WHEREOF, the
parties have duly executed and delivered this Agreement, or have caused this Agreement to be duly executed and delivered in their name and on their behalf, as of the day and year first above written. 

 

									
	FREDRIK WIKLUND	 		 	CELLADON CORPORATION
				
	/s/ Fredrik Wiklund	 		 	By:	 	/s/ Michael Narachi
	Name: Fredrik Wiklund	 		 		 	 Name: Michael Narachi
 Its:
      Chairman of the Board

  

  
 2

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