Document:

EX-10.32

 Exhibit 10.32 
 Confidential 
 ASIAN BUSINESS DEVELOPMENT/ COLLABORATION AGREEMENT

 THIS ASIAN BUSINESS DEVELOPMENT/ COLLABORATION AGREEMENT (this “Agreement”) is made as of February 27,
2012 between Energy Focus Inc., a Delaware corporation, (OTC BB: EFOI.OB) (the “Company”), and Communal International Ltd (“Communal”). The Company and Communal may be referred to hereinafter as a “Party”, or
collectively, as the “Parties”. 
 WHEREAS, the Parties acknowledge and agree that the Company designs, develops,
manufactures, and markets energy-efficient lighting products, and is a leading provider of turnkey, energy-efficient, lighting solutions in the governmental and public sector market, general commercial market, and the pool market. The company’s
lighting technology offers significant energy savings, heat dissipation and maintenance cost benefits over conventional lighting for multiple applications; 
 WHEREAS, the Parties acknowledge and agree that Communal has unique knowledge of and contacts, skills and operations in the Asian market and wishes to assist and facilitate the Company’s entry into
the Territory (as hereinafter defined); 
 WHEREAS, The Company desires to open markets, develop an operation and source and
sell components and products in Asia; and 
 WHEREAS, the Parties have had numerous meetings and conferences discussing various
potential strategies, tactics, activities and other methods of working jointly to achieve the Company’s objectives in the Territory. 
 NOW, THEREFORE, subject to the terms and conditions contained herein and on the mutual consideration, the sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

Section 1. Services. 

Commencing on the effective date hereof and continuing for a period of 60 months, Communal will provide the following services: 

a) Introduce the Company to new potential investors, vendors, customers and other constituents in the Territory; 

b) Assist in reducing the cost of manufacturing the Company’s goods and products; 

c) Assist in providing a reduction in the price and improving the quality of raw materials, components, sub-assemblies, manufactured
products and other items necessary for the development, manufacture and sale of existing and new products; 

 Confidential 
 d) Introduce the Company to new markets, customers, distributors, marketers, supply chain, shipping, transportation and logistics facilities in the Territory; 

e) Assist in the development of a marketing, sales and distribution operation in the Territory; and 

f) Commencing on January 16, 2012 act as the exclusive agent for sales, marketing and distribution of the Company’s products in
the Territory pursuant to the Company’s standard distributor agreement which shall be negotiated, executed and delivered pursuant to Section 5 hereof (the “Distribution Agreement”). (All of the foregoing shall hereinafter be
referred to as “Services”). 
 Section 2. Compensation. 
 In exchange and as compensation for the Services, the Company will pay to Communal Five Hundred Twenty-Two Thousand and Five Hundred Dollars ($522,500), payable as follows: 

 

	 	a)	Three Hundred and Fifty Thousand Dollars ($350,000) payable upon the Effective Date which payment will constitute a prepayment for the Services being rendered by
Communal over the 36 month term of the Agreement; 

  

	 	b)	One Hundred Seventy-Two Thousand and Five Hundred Dollars ($172,500) in monthly installments of Fifteen Thousand Six Hundred and Eighty Two Dollars ($15,682) commencing
on the January 16, 2012 and concluding on December 31, 2012; and 

 As additional consideration for the Services
rendered under the Distribution Agreement, the Company agrees to pay Communal five percent (5%) of the Company’s net sales (excluding the sales made by its Crescent Lighting Ltd. subsidiary or its agents to any existing customers) which
sales occur within the Territory and which directly result from the efforts of Communal. Commission payments will be made on a “pay-when-paid” basis, within 7 days from the day the Company receives payments. 

Section 3. Territory. 
 The
Territory shall be (with the exception of products sold by its Crescent Lighting Ltd. subsidiary and its agents and any existing Company customers) the following countries: Japan, Taiwan, China, Thailand, Singapore, Vietnam, South Korea, Brazil and
Australia. 
 Additional territories, including but not limited to India, Malaysia, Indonesia and the Philippines, may be added from time to
time by mutual agreement of the Parties. 

  
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 Confidential 
 Section 4. Effective Date. 
 This Agreement shall become effective upon the execution and
delivery of this Agreement. 
 Section 5. Documentation. 
 As soon as practicable and no later than March 31, 2012, a services agreement, the Distribution Agreement, a commissions agreement and other agreements and documents in form and substance reasonably
acceptable to the Company and Communal shall be negotiated, executed and delivered. The agreements and documents shall contain customary representations, warranties, affirmative and negative covenants, condition to close, and other typical
provisions contained in similar agreements. 
 Section 6. Confidentiality. 

No party will make any public announcement of the signing of this Agreement or any other agreement or document contemplated hereby without the consent of
the other Parties hereto, except as otherwise required by law. 
 Section 7. Expenses. 

The Company and Communal will each bear their own legal and other expenses with respect to this Agreement. The Company agrees to reimburse Communal
$3,000 – $673.63 (High Speed Rail paid directily by Energy Focus) = $2,326.37 for travel expenses incurred to support the Company’s visit to Taiwan February 5, 2012 through February 8, 2012. 

Section 8. Governing Law. 

This Agreement shall be governed by and construed in accordance with the laws of Delaware without regard to the principles of conflicts of law of any
jurisdiction. 
 Section 9. Survival. 
 All representations, warranties, and covenants made by the Parties hereto shall be considered to have been relied upon by the parties hereto and shall survive the execution, performance and delivery of
this Agreement. 
 Section 10. Entire Agreement. 

  
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 Confidential 
 This Agreement incorporates by reference the Parties Non-Disclosure Agreement of November 2, 2011 as amended January 10, 2012 and supersedes any other agreement, whether written or oral, that
may have been made or entered into by the Parties hereto respecting the matters contemplated hereby and constitutes the entire agreement of the parties with respect to the subject matter hereof. 

Section 11. Further Assurances. 
 In case at any time any further action is necessary or desirable to carry out the purposes of this Agreement, each party agrees to take all such necessary action or cause such action to be taken.

 Section 12. Counterparts. 
 This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

Executed as of the day and date set forth above at Solon, Ohio. 
  

									
	 Communal International Ltd.
	 		 	Energy Focus, Inc
					
	 By:
	 	 

	 		 	By:	 	

	 Name:
	 	 James Tu
	 		 	Name:	 	John M. Davenport
	 Title:
	 	 Managing Partner
	 		 	Title:	 	President
	 Date:
	 	 2/27/2012
	 		 	Date:	 	 2/27/2012

  

  
 - 4 -First Amendment to Shareholder Rights Agreement

 Exhibit 4.1 
 FIRST AMENDMENT TO 
 SHAREHOLDER RIGHTS AGREEMENT 

BETWEEN 
 MYREXIS,
INC. 
 AND 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 
 This
First Amendment to Shareholder Rights Agreement (the “Amendment”) is made as of this 29th day of March, 2012 by and between Myrexis, Inc. (f/k/a Myriad Pharmaceuticals, Inc.), a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC,
as rights agent (the “Rights Agent”). Capitalized terms used but not defined herein shall have the meanings given to such terms in the Rights Agreement (as defined below). 

WHEREAS, the Company and the Rights Agent are parties to a Rights Agreement dated as of June 30, 2009 (the “Rights
Agreement”); 
 WHEREAS, pursuant to Section 23(a) of the Rights Agreement, the Board of Directors of the Company
(the “Board of Directors”) may, at its option, at any time prior to the earlier of the Stock Acquisition Date or the Final Expiration Date amend the Rights Agreement to change the Final Expiration Date to another date, including an
earlier date; 
 WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company and the Rights Agent shall, if the
Company so directs, supplement or amend any provision of the Rights Agreement without the approval of any holders of shares of Common Stock of the Company; 
 WHEREAS, the Board of Directors desires to and has determined to amend the Rights Agreement to amend the Final Expiration Date; and 

WHEREAS, all acts and things necessary to make this Amendment a valid agreement, enforceable according to its terms have been done and
performed, and the execution and delivery of this Amendment by the Company and the Rights Agent have been in all respects duly authorized by the Company and the Rights Agent. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties hereby agree as follows: 
 1. (a) Clause (i) of Section 7(a) of the Rights Agreement is hereby amended and restated in its entirety to read as follows: 

“(i) the Close of Business on March 29, 2012 (the “Final Expiration Date”),” 

(b) Consistent with the amendment to clause (i) of Section 7(a) set forth in Section(1)(a) above, Exhibit B to the Rights
Agreement is hereby amended to replace the date “June 30, 2019” with the date “March 29, 2012” in the legend appearing therein. 
 2. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable
to contracts to be made and performed entirely within such State. 

 3. This Amendment may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 4. Descriptive headings of the several Sections of this Amendment are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 

5. If any term or provision hereof or the application thereof to any circumstance shall, in any jurisdiction and to any extent, be
invalid or unenforceable, such term or provision shall be ineffective as to such jurisdiction to the extent of such invalidity or unenforceability without invalidating or rendering unenforceable the remaining terms and provisions hereof or the
application of such term or provision to circumstances other than those as to which it is held invalid or unenforceable. 
 6.
This Amendment shall be effective as of the date first written above, and except as expressly amended hereby, the Rights Agreement shall remain in full force and effect and otherwise shall be otherwise unaffected hereby. 

[The remainder of this page is intentionally left blank.] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
attested, all as of the date and year first above written. 
  

							
	 Attest:
	 	MYREXIS, INC.
				
	By:	 	/s/ Andrea Kendell	 	By:	 	/s/ Robert J. Lollini
	Name:	 	Andrea Kendell, Secretary	 	Name:	 	Robert J. Lollini
		 		 	Title:	 	President and Chief Executive Officer
		
	 Attest:
	 	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC,

		 		 	as Rights Agent
				
	By:	 	/s/ Joseph Alicia	 	By:	 	/s/ Paula Caroppoli
	Name:	 	Joseph Alicia	 	Name:	 	Paula Caroppoli
		 		 	Title:	 	Senior Vice President

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