Document:

EX-10.1

 Exhibit 10.1 
  

			
	

	 	Document A133TM – 2019 Exhibit A

 Guaranteed Maximum Price Amendment 
  

			
	 This Amendment dated the 13th day of September in the year Two Thousand Twenty-One, is incorporated into the accompanying AIA Document A133TM–2019, Standard Form of Agreement Between Owner and Construction Manager as Constructor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price dated
the 30th day of June in the year Two Thousand Twenty-One (the “Agreement”)
 (In words, indicate day,
month, and year.)
  
 for the following PROJECT:

(Name and address or location)
  

Krystal Biotech – Project Astra
 Krystal Biotech Facility

7001 International Drive
 Coraopolis, PA 15108

 
 THE OWNER: 

(Name, legal status, and address)
  

Krystal Biotech, Inc.
 2100 Wharton Street

Suite 701
 Pittsburgh, PA 15203

 
 THE CONSTRUCTION MANAGER:

(Name, legal status, and address)
  

The Whiting-Turner Contracting Company
 300 East Joppa Road

Baltimore, MD 21286
	  	 ADDITIONS AND DELETIONS: The author of this document has added information needed for its completion. The author may also have
revised the text of the original AIA standard form. An Additions and Deletions Report that notes added information as well as revisions to the standard form text is available from the author and should be reviewed. A vertical line in
the left margin of this document indicates where the author has added necessary information and where the author has added to or deleted from the original AIA text.
  

This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification.

 
 AIA Document A201TM–2017,
General Conditions of the Contract for Construction, is adopted in this document by reference. Do not use with other general conditions unless this document is modified.

 TABLE OF ARTICLES 
  

	A.1	 GUARANTEED MAXIMUM PRICE 

 

	A.2	 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION 

 

	A.3	 INFORMATION UPON WHICH AMENDMENT IS BASED 

 

	A.4	 CONSTRUCTION MANAGER’S CONSULTANTS, CONTRACTORS, DESIGN PROFESSIONALS, AND SUPPLIERS

 ARTICLE A.1 GUARANTEED MAXIMUM PRICE 

§ A.1.1 Guaranteed Maximum Price 
 Pursuant to
Section 3.2.6 of the Agreement, the Owner and Construction Manager hereby amend the Agreement to establish a Guaranteed Maximum Price. As agreed by the Owner and Construction Manager, the Guaranteed Maximum Price is an amount that the Contract
Sum shall not exceed. The Contract Sum consists of the Construction Manager’s Fee plus the Cost of the Work, as that term is defined in Article 6 of the Agreement. 

  

									
	  
 Init.

 
 /
	  	  
 AIA Document
A133TM – 2019 Exhibit A. Copyright © 1991, 2003, 2009, and 2019 by The American Institute of Architects. All rights reserved. The “American Institute of Architects,” “AIA,” the AIA Logo, and
“AIA Contract Documents” are registered trademarks and may not be used without permission. This document was produced by AIA software at 09:36:17 ET on 09/09/2021 under Order No. 7591730752 which expires on 01/07/2022, is not for resale,
is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail copyright@aia.org.
	  	  
  
	  
 1
	  
  

		  	User Notes:	  		  			

 § A.1.1.1 The Contract Sum is guaranteed by the Construction Manager not to exceed
Seventy-Eight Million Eight Hundred Seventy Thousand Five Hundred Fourteen Dollars ($ $78,870,514.00), subject to additions and deductions by Change Order as provided in the Contract Documents. 

§ A.1.1.2 Itemized Statement of the Guaranteed Maximum Price. Provided below is an itemized statement of the Guaranteed Maximum Price
organized by trade categories, including allowances; the Construction Manager’s contingency; alternates; the Construction Manager’s Fee; and other items that comprise the Guaranteed Maximum Price as defined in Section 3.2.1 of the
Agreement. 
 (Provide itemized statement below or reference an attachment.) 

See Guaranteed Maximum Price (GMP) Proposal-06/18/2021 updated 7-7-21 attached hereto and incorporated herein as Exhibit A-1 

§ A.1.1.3 The Construction Manager’s Fee is set forth in Section 6.1.2 of the Agreement. 

§ A.1.1.4 The method of adjustment of the Construction Manager’s Fee for changes in the Work is set forth in Section 6.1.3 of the
Agreement. 
 § A.1.1.5 Alternates 

§ A.1.1.5.1 Alternates, if any, included in the Guaranteed Maximum Price: 

(Paragraphs deleted) 
 See Exhibit A-1 
 § A.1.1.5.2 Subject to the conditions noted below, the following alternates may be accepted by
the Owner following execution of this Exhibit A. Upon acceptance, the Owner shall issue a Modification to the Agreement. 
 (Insert below each alternate
and the conditions that must be met for the Owner to accept the alternate.) 
  

					
	 Item
	  	 Price
	  	 Conditions for Acceptance

 § A.1.1.6 Unit prices, if any: 

(Identify the item and state the unit price and quantity limitations, if any, to which the unit price will be applicable.) 

 

					
	 Item
	  	 Units and Limitations
	  	 Price per Unit ($0.00)

 ARTICLE A.2    DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION 

§ A.2.1 The date of commencement of the Work shall be: 

(Check one of the following boxes.) 
  

	 	☐	 The date of execution of this Amendment. 

 

	 	☒	 Established as follows: 

(Insert a date or a means to determine the date of commencement of the Work.) 

December 31, 2020 per Whiting-Turner Letter of Intent 

If a date of commencement of the Work is not selected, then the date of commencement shall be the date of execution of this Amendment. 

§ A.2.2 Unless otherwise provided, the Contract Time is the period of time, including authorized adjustments, allotted in the Contract
Documents for Substantial Completion of the Work. The Contract Time shall be measured from the date of commencement of the Work. 

  

									
	  
 Init.

 
 /
	  	  
 AIA Document
A133TM – 2019 Exhibit A. Copyright © 1991, 2003, 2009, and 2019 by The American Institute of Architects. All rights reserved. The “American Institute of Architects,” “AIA,” the AIA Logo, and
“AIA Contract Documents” are registered trademarks and may not be used without permission. This document was produced by AIA software at 09:36:17 ET on 09/09/2021 under Order No. 7591730752 which expires on 01/07/2022, is not for resale,
is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail copyright@aia.org.
	  	  
  
	  
 2
	  
  

		  	User Notes:	  		  			

 § A.2.3 Substantial Completion 

§ A.2.3.1 Subject to adjustments of the Contract Time as provided in the Contract Documents, the Construction Manager shall achieve
Substantial Completion of the entire Work: 
 (Check one of the following boxes and complete the necessary information.) 

 

	 	☐	 Not later than (    ) calendar days from the date of commencement of the Work.

  

	 	☒	 By the following date: March 30, 2022 per Astra GMP 06-18-21R Schedule Report O1R1 attached hereto and incorporated herein as Exhibit A-2 

§ A.2.3.2 Subject to adjustments of the Contract Time as provided in the Contract Documents, if portions of the Work are to be completed
prior to Substantial Completion of the entire Work, the Construction Manager shall achieve Substantial Completion of such portions by the following dates: 
  

					
	Portion of Work	  	Substantial Completion Date	  	

 § A.2.3.3 If the Construction Manager fails to achieve Substantial Completion as provided in this Section
A.2.3, liquidated damages, if any, shall be assessed as set forth in Section 6.1.6 of the Agreement. 
 ARTICLE
A.3    INFORMATION UPON WHICH AMENDMENT IS BASED 
 § A.3.1 The Guaranteed Maximum Price and Contract Time set
forth in this Amendment are based on the Contract Documents and the following: 
 § A.3.1.1 The following Supplementary and other
Conditions of the Contract: 
  

							
	Document	 	Title	 	Date	 	Pages
	 Exhibit A-3 attached hereto and incorporated
herein
	 		 		 	

 § A.3.1.2 The following Specifications: 

(Either list the Specifications here, or refer to an exhibit attached to this Amendment.) 

See Exhibit A-1 
  

							
	Section	 	Title	 	Date	 	Pages

 § A.3.1.3 The following Drawings: 

(Either list the Drawings here, or refer to an exhibit attached to this Amendment.) 

See Exhibit A-1 
  

					
	Number	 	Title	 	Date

 § A.3.1.4 The Sustainability Plan, if any: 

(Paragraphs deleted) 
 (Table deleted) 

N/A 
 Other identifying information: 

§ A.3.1.5 Allowances, if any, included in the Guaranteed Maximum Price: 

(Paragraphs deleted) 
 See Exhibit A-1 

  

									
	  
 Init.

 
 /
	  	  
 AIA Document
A133TM – 2019 Exhibit A. Copyright © 1991, 2003, 2009, and 2019 by The American Institute of Architects. All rights reserved. The “American Institute of Architects,” “AIA,” the AIA Logo, and
“AIA Contract Documents” are registered trademarks and may not be used without permission. This document was produced by AIA software at 09:36:17 ET on 09/09/2021 under Order No. 7591730752 which expires on 01/07/2022, is not for resale,
is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail copyright@aia.org.
	  	  
  
	  
 3
	  
  

		  	User Notes:	  		  			

 § A.3.1.6 Assumptions and clarifications, if any, upon which the Guaranteed Maximum Price
is based: 
 (Identify each assumption and clarification.) 

See Exhibit A-1 

§ A.3.1.7 The Guaranteed Maximum Price is based upon the following other documents and information: 

(List any other documents or information here, or refer to an exhibit attached to this Amendment.) 

The parties agree that the attached Exhibit H Revised shall replace Exhibit H to the executed A133 Agreement 

This Amendment to the Agreement entered into as of the day and year first written above. 

 

							
	KRYSTAL BIOTECH, INC.	  		  	THE WHITING-TURNER CONTRACTING COMPANY
			
	 

  
	  		  	 

  

	OWNER (Signature) 	  		  	CONSTRUCTION MANAGER (Signature) 
			
	Krish Krishnan	  		  	Samuel R. Wells
	 Chairman & CEO
	  		  	 SR Vice President
	  	
	(Printed name and title)	  		  	(Printed name and title)	  	
				
	

	  		  	

	  	

  

									
	  
 Init.

 
 /
	  	  
 AIA Document
A133TM – 2019 Exhibit A. Copyright © 1991, 2003, 2009, and 2019 by The American Institute of Architects. All rights reserved. The “American Institute of Architects,” “AIA,” the AIA Logo, and
“AIA Contract Documents” are registered trademarks and may not be used without permission. This document was produced by AIA software at 09:36:17 ET on 09/09/2021 under Order No. 7591730752 which expires on 01/07/2022, is not for resale,
is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail copyright@aia.org.
	  	  
  
	  
 4
	  
  

		  	User Notes:	  		  			

 EXHIBIT A-3 to GMP AMENDMENT 

This Exhibit to the GMP Amendment dated September 13th, 2021, shall be a modification of
limited contract terms as set forth in the amended A133 and A201 executed by the parties and upon its execution shall supersede and nullify A133 EXHIBIT K- Adjustments to Contract Terms. 

 

	 	1.	 A133 Section 7.2.1 Delete and replace with: 

§ 7.2.1 Wages or salaries of construction workers directly employed by the Construction Manager to perform the construction of the Work at
the site or, with the Owner’s prior approval, at off-site workshops, at the rates set forth on the “Rate Schedule,” attached as Exhibit H Revised. Said rates shall be all inclusive of taxes,
benefits of whatever kind or nature, vacation, leave, training, safety and insurance. The Construction Manager shall only be entitled to its Fee on Work performed by individuals/positions set forth on Exhibit H Revised. The Construction Manager may
substitute people, as provided herein, at the positions identified on Exhibit H Revised. The Construction Manager may not add positions or individuals to positions without the prior written consent of the Owner. The rates agreed upon Rate Schedule
may not be audited. 
  

	 	2.	 Add to A133 Section 3.2.4: 

Notwithstanding anything in the Contract to the contrary, the Construction Contingency may be used for costs which are otherwise precluded as a
Cost of the Work under 7.6.9, but which are incurred by Contractor in “betterment” of the Project, which, as used in section 3.2.4 of the AIA 133 Agreement, shall mean for the benefit of the Project. When such an issue arises, the
Contractor shall immediately bring such to the attention of the Owner, provide a written plan for addressing the issue which may reflect Contractor’s opinion that enforcement of such claim is not practical, feasible, or in the best interest of
the Project, or a plan which sets forth what commercially reasonable steps the Contractor proposes to take to recover such sums from Subcontractors, sureties or insurance, and a
not-to-exceed cost. Owner agrees to review such requests on an expedited basis commensurate with the timing needed to mitigate delay and advise the Contractor in writing
whether it consents to the use of Contingency in accordance with the proposed plan. Any amounts recovered at any time prior to Project close-out from responsible Subcontractors, subcontractor’s bonds or
insurance shall be reimbursed to the Construction Contingency. With the exception of costs that the parties had previously agreed will not be pursued for recovery per above, any costs paid by the Owner from the Construction Contingency hereunder
which have not been reimbursed shall be withheld from the Contractor’s final payment until such time as said claim is resolved following proof of Contractor’s commercially reasonable efforts to recoup same. The Owner shall make payment to
the Contractor of the difference between the withheld amount and amount recovered within ten (10 ) business days of receipt of Contractor’s request with acceptable supporting documentation. If the Owner disputes the Contractor’s
commercially reasonable efforts, such shall be the subject of mediation and if unresolved, a claim. 
  

	 	3.	 A 133 Section 11.2.2, Section 11.2.2.1 and Section 11.2.3 Delete and replace with:

 § 11.2.2 Within 10 business days of the Owner’s receipt of the Construction Manager’s final accounting for
the Cost of the Work, the Owner shall commence an audit of the Cost of the Work or notify the Architect that it will not conduct an audit. 

§ 11.2.2.1 If the Owner conducts an audit of the Cost of the Work, the Owner shall, within 10 business days after completion of the audit,
submit a written report based upon the auditors’ findings to the Architect. The parties shall work cooperatively to exchange information during the course of the audit in order to complete it in a timely manner. § 11.2.3 The Owner’s
final payment to the Construction Manager shall be made no later than 10 business days after the issuance of the Architect’s final Certificate for Payment 

  
 1 

	 	4.	 A133 Section 12.2 Deleted and replaced with: 

§ 12.2 Binding Dispute Resolution 
 For any Claim
subject to, but not resolved by mediation pursuant to Article 15 of AIA Document A201–2017, the method of binding dispute resolution shall be as follows: 

(Check the appropriate box.) 
  

	 	☐	 Arbitration pursuant to Article 15 of AIA Document A201–2017 

 

	 	☒	 Arbitration or litigation at the option of the Owner. If litigation, litigation shall be in the Court of Common
Pleas of Allegheny County, Pennsylvania which shall have exclusive jurisdiction and venue. The parties agree to waive any rights to a jury trial. At the time that the Construction Manager advises the Owner of its demand for arbitration or litigation
as provided in Article 15.4.1 of the amended A201, the Construction Manager shall advise of its preference and the reasons therefor. The Owner shall take such into consideration in the selection of the method for binding dispute resolution.

 5. A201 Section 3.2.4 shall remain as written in the executed A201. 

6. A201 Section 14.2.1 shall remain as written in the executed A201 with the following sentence added to the end: 

The Owner shall be entitled to terminate provided Contractor has been given written notice and has failed to cure within seven (7) days.

 7. The Release of Liens from Whiting-Turner shall be in the form and content attached hereto and incorporated herein. 

 

					
	KRYSTAL BIOTECH, INC.	 		 	THE WHITING-TURNER CONTRACTING COMPANY
			
	

	 		 	

	 Chairman & CEO
	 		 	 SR Vice President

			
	

	 		 	

  
 2Exhibit 10.13

 

 

 

January 30, 2018

 

Steve Schell

301 S. Altura Road

Arcadia, CA 91007

 

Dear Steve:

 

It gives me great pleasure to
offer you employment as VP, Engineering for Edisun Mircrogrids, Inc. (the “Company”). You will report to me, Bill Gross, Chief
Executive Officer, Edisun Mircrogrids, Inc. As we discussed you will begin your employment on March 5, 2018 and the following terms and
conditions will apply to your employment:

 

		1.	Salary. Your salary will be $8,653.85 payable on a bi-weekly basis (annualized to $225,000 per
year) in accordance with the Company’s normal payroll practices. Your salary is subject to modification during your employment in
accordance with the Company’s practices, policies, or procedures.

 

		2.	Incentive Compensation. In addition to your salary, upon approval of the Company’s Board
of Directors, the Company will grant you an option to purchase 500,000 shares of the Company’s common stock pursuant to the terms
provided on Attachment I (Stock Option Summary Sheet) and subject to the terms of the Company’s Stock Plan and an applicable stock
option agreement between you and the Company. You understand that incentive compensation is not guaranteed.

 

		3.	Signing Bonus. The Company will pay you a signing bonus of $50,000 (less applicable withholding)
on March 5, 2018. If, before you complete twelve (12) months of continuous employment with the Company, your employment ends because you
resign without Good Reason or due to a termination by the Company for Cause, then you must return the bonus on a pro-rata basis (on an
after-tax basis) to the Company.

 

“Good Reason”
is defined as (i) you are assigned duties materially inconsistent with, or reflecting a materially adverse change in, your compensation,
position, duties, or responsibilities with the Company or (ii) the Company’s principal executive offices are relocated to a location
which would require you to commute at least thirty (30) miles more each way than your commute to the Company’s principal executive
offices as of the date of this Agreement.

 

“Cause”
is defined as (i) any act of fraud, embezzlement or dishonesty taken by you in connection with your job responsibilities, (ii) your conviction
of or plea of guilty or nolo contendere to a felony, (iii) your willful misconduct which adversely affects or is likely to adversely affect
the business and affairs of the Company, (iv) your continued willful refusal to perform your employment duties after you have received
a written demand for performance from the Company which specifically sets forth the factual basis for the Company’s belief that
you have willfully refused to perform your duties or (v) your material breach of any provision of your offer letter or Employee Confidentiality
Agreement or Non-Disclosure Agreement.

 

     

     

    

 

		4.	Flexible Time Off. You will be able to use Flexible Time Off (FTO) with pay during current and
subsequent years of employment in accordance with the Company’s FTO policy.

 

		5.	Benefits (Health and Welfare Plans). In addition to your compensation, you will be eligible to
receive the benefits that are generally offered to all Company employees effective the first of the month following your hire date. The
program includes medical plans, dental plans, a vision plan, flexible spending accounts, disability insurance, and life and accidental
death and dismemberment insurance. These programs are subject to change at the discretion of the Company.

 

		6.	401(k) Plan. You will be eligible to participate in the Company’s 401(k) Plan on your hire
date. This plan is subject to change at the discretion of the Company.

 

		7.	Holidays. You will be paid for selected holidays in accordance with the Company’s holiday
schedule. This schedule is subject to change at the discretion of the Company.

 

As a condition of your employment
with the Company, you will furnish and will continue to furnish the Company all necessary documentation that will satisfy the requirements
of the Immigration Reform and Control Act of 1986.

 

Your employment is expressly
contingent upon the acceptable results of a background check. Any falsification of an applicant’s employment history or educational
background will result in withdrawal of the offer and or termination of employment, if hired.

 

Your employment with the Company
is at will. This means that either you or the Company may terminate your employment at any time, with or without cause and with or without
notice. We both agree that any dispute arising with respect to your employment and the termination of that employment shall be conclusively
settled by final and binding arbitration in accordance with the arbitration procedures described in the Employee Confidentiality and Non-Disclosure
Agreement.

 

By
signing this letter, you acknowledge that the terms described in this letter, together with the Employee Confidentiality and Non-Disclosure
Agreement, sets forth the entire understanding between us and supersedes any prior representations or agreements, whether written or oral;
there are no terms, conditions, representations, warranties or covenants other than those contained herein. No term or provision of this
letter may be amended waived, released, discharged or modified except in writing, signed by you and an authorized officer of Edisun Mircrogrids,
Inc. except that the Company may, in its sole discretion, adjust salaries, incentive compensation, benefits, job titles,
locations, duties, responsibilities, and reporting relationships.

 

    -2-

     

    

 

Enclosed are the following:

 

		1.	Attachment I — Stock Option Summary Sheet

		2.	Employee Confidentiality and Non-Disclosure Agreement

 

Our offer is contingent on your
understanding and acceptance of the agreements and practices referred to in this letter. Please acknowledge your acceptance of this offer
of employment on the terms indicated by signing the enclosed copy of this letter, completing the Employee Confidentiality and Non-Disclosure
Agreement and returning them to me as soon as possible. Should you have any questions, please feel free to contact me. Steve, I am personally
pleased you have chosen to accept our offer and I look forward to working with you toward our mutual success.

 

Sincerely,

 

	/s/ Bill Gross	 

Bill Gross

Chief Executive Officer

Edisun Mircrogrids, Inc.

 

I accept the position of VP,
Engineering Edisun Mircrogrids, Inc., on the terms described within this letter.

 

	/s/ Steve Schell	 	1-31-18
	Steve Schell – SIGNATURE	 	DATE

 

    -3-

     

    

 

ATTACHMENT I

 

EDISUN MIRCROGRIDS, INC.

 

STOCK OPTION SUMMARY SHEET

 

The following is a summary
sheet of certain terms which apply to option grants to purchase common stock of Edisun Mircrogrids, Inc. (the “Company”).
For complete details, please carefully review the Company’s stock plan and the applicable option agreement between you and the Company.

 

	
    Exercise Price:
	The purchase price per share will be equal to the fair market value of the common stock on the grant date.
	 	 
	Vesting:	
    Assuming you remain an employee,
    your stock option will vest with respect to 25% of the shares subject to the option on the one year anniversary of your commencement of
    employment and thereafter, 1/48th of the total shares each month so that the shares are fully vested on the fourth anniversary
    of your commencement date. Fifty percent (50%) of any unvested shares shall accelerate and become immediately vested if within six months
    after a Change of Control (as defined below), you are terminated by the Company other than for Cause (as defined below) or your employment
    is terminated by you for Good Reason (as defined below).

     

    A “Change of Control”
    shall occur upon (i) any acquisition or merger of the Company where the stockholders of the Company immediately prior to such transaction
    hold 50% or less of the voting power of the surviving corporation or (ii) any sale of all or substantially all of the assets of the Company.

     

    “Cause” is defined
    as (i) any act of fraud, embezzlement or dishonesty taken by you in connection with your job responsibilities, (ii) your conviction of
    or plea of guilty or nolo contendere to a felony, (iii) your willful misconduct which adversely affects or is likely to adversely affect
    the business and affairs of the Company, (iv) your continued willful refusal to perform your employment duties after you have received
    a written demand for performance from the Company which specifically sets forth the factual basis for the Company’s belief that
    you have willfully refused to perform your duties or (v) your material breach of any provision of your offer letter or Employee Confidentiality
    and Non-Disclosure Agreement.

     

    “Good Reason”
    is defined as (i) you are assigned duties materially inconsistent with, or reflecting a materially adverse change in, your compensation,
    position, duties, or responsibilities with the Company or (ii) the Company’s principal executive offices are relocated to a location
    which would require you to commute at least thirty (30) miles more each way than your commute to the Company’s principal executive
    offices as of the date of this Agreement.

     

	Additional Conditions:	All option grants are subject to approval by the Company’s Board of Directors and availability under the Company’s option pool. Any stock option will be granted as of the date of approval of the grant by the Company’s Board of Directors. All option grants are subject to the terms, definitions and provisions of the Company’s stock plan and an applicable option agreement between you and the Company.

 

 

-4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]