Document:

Exhibit 10.1

 

FIRST AMENDMENT TO LEASE

 

AMENDMENT TO LEASE dated September 9, 2015 by and between CEDAR BROOK 3 CORPORATE CENTER, L.P., having an office at 4A Cedar Brook Drive, Cranbury, New Jersey 08512 (hereinafter called the “Landlord”); an Amicus Therapeutics, Inc. having an office at 1 Cedar Brook Drive, Cranbury, New Jersey 08512 (hereinafter called the “Tenant”).

 

WITNESSETH:

 

WHEREAS, the Tenant entered into a Lease with Landlord dated August 16, 2011 (“Lease”), in connection with office and laboratory space at 1 Cedar Brook Drive, Cranbury, New Jersey, 08512; and

 

WHEREAS, the parties want to modify the terms of the Lease,

 

NOW, THEREFORE, the parties hereto covenant and agree as follows:

 

1.              This Amendment shall be based upon the Building being described as containing three separate areas as follows:

 

·                  Area A — Existing Tenant occupancy of 73,646 square feet

 

·                  Area B — Warehouse expansion area of 16,354 square feet

 

·                  Area C — Optional future expansion area

 

2.              The rent structure for the existing area shall remain unchanged from those contained in the Lease for Area A, as listed below:

 

·                  3/1/15 – 2/29/16                                                    $19.25 per square foot

 

·                  3/1/16 – 2/18/17                                                    $20.50 per square foot

 

·                  3/1/17 – 2/28/19                                                    $20.70 per square foot

 

3.              Landlord shall perform investigations and work to existing Building infrastructure of Area A as outlined in Attachment A of this Amendment.

 

4.              Tenant shall expand into Area B in accordance with drawings to be prepared by Tenant’s design professional.  The Term of the Lease for Area B shall commence

 

 

upon the issuance of a certificate of occupancy by the appropriate governmental authority and shall be ten (10) years with a Base Rent of:

 

·                  Years 1 – 5                                                                                   $10.50 per square foot

 

·                  Years 6 – 10                                                                            $12.08 per square foot

 

5.              Landlord shall provide construction funding of at least 25% of the cost of the buildout of Area B with the amount increasing to a maximum of 35% of the cost of the buildout of Area B at the discretion of Landlord’s lending institution.  The amount of Landlord’s financing shall be repaid by increasing the Base Rent by the use of the formula for each $40 per square foot of Landlord funding, the Base Rent shall be increased by $6.00 per square foot. The result of this calculation shall become the Rent.  At the end of the initial five year rental period, the Rent shall be increased by fifteen (15%), which amount shall then remain fixed for the next five years.

 

6.              Tenant shall extend the Lease term of Area A so that it is co-terminus with that of Area B.  Accordingly, the Rent for Area A for this extension shall be:

 

·                  3/1/2019 – 2/28/2022                                                                                                                        $20.70 per square foot

 

·                  3/1/22 – End of Ten year Term                                                                       $23.80 per square foot

 

7.              When requested by Tenant, Landlord will seek all required governmental approvals required to complete an addition onto the Building that can range in size from several thousand feet up to an estimated seventy-five (75,000 sf) thousand square feet (Area C) that will include up to 225 parking spaces.  If Landlord is unable to build the addition, as specified by Tenant, for any reason, Tenant shall have the right to terminate the lease in accordance with a termination option specified in paragraph 8, below. If Tenant exercises this option, Tenant shall pay to Landlord all unamortized brokerage commissions, if any, and construction costs.  The addition to the Building, depending upon final size, could be single story, two stories or three stories. Landlord shall provide at its cost all exterior walls, finished roofing, concrete floor, elevator (if required), underground sanitary main, main electric service, fire sprinkler mains, and reconfigured parking area as required for Area C.  Landlord shall use its best efforts to complete the buildout with minimal disruption to Tenant’s ongoing operations.

 

 

Tenant will be required to sign a minimum of a ten (10) year lease for Area C with Area A and B leases being adjusted to end on a co-terminus basis.  The Base Rent for this expansion of Area C shall be a 3.0% (per year) escalating rent using $13.00 psf as the starting basis.  As an example, the base rent would be $14.21 psf ($13.00 * 1.03 *1.03 * 1.03) if the commencement date occurred in the fourth year of the ten-year term of Areas A and B.  In addition, Tenant shall provide a tenant improvement allowance in an amount to be determined at the time that the construction budget for Area C is finalized.  The amount funded by Landlord shall be repaid in accordance with paragraph 5 of this Amendment.

 

8.              In the event that the Tenant does not exercise its option to expand pursuant to item 7 above, it shall be granted a one-time right to terminate its original lease along with the 16,354 square foot expansion area (Area B) on the fifth anniversary of the commencement date for Area B by providing no less than nine (9) months written notice exercising this option.  In the event that the option is exercised, Tenant shall pay to Landlord all unamortized costs.  In the event that this option is not exercised, then Amicus would be obligated for the remainder of the lease term.

 

9.              At Tenant’s option, Landlord shall provide Tenant with an additional $163,000 to help offset the cost of rooftop HVAC units and new electrical service for Area B, which will be amortized over the ten (10) year initial term, with a corresponding increase in the Base Rent from $10.50 psf to $12.00 psf.

 

10.       Landlord shall perform all construction activities for the project with Tenant having the ability to obtain “check” bids from construction companies capable of building out such space.

 

11.       Tenant has selected Cresa NJ-North/Central, LLC as broker of record for this transaction.  In the event that Tenant does not exercise its option to terminate the Lease, as described in paragraph 8 of this Amendment or Tenant exercises its option to expand as described in Paragraph 7 of this Amendment, Landlord is liable under separate agreement to pay Cresa NJ-North/Central, LLC the remainder of its commission.  If at the time Tenant’s right to terminate the Lease pursuant to Paragraph 8 of this Amendment has expired and at that time Tenant

 

 

has selected a different broker to represent its interests, Landlord still remains liable to Cresa NJ-North/Central and Tenant hereby indemnifies Landlord from any and all claims from any broker other than Cresa NJ-North/Central.

 

12.       Except as set forth above, all other terms and conditions of the Lease shall remain in full force and effect, unimpaired and unmodified.

 

13.       This agreement shall be binding upon the parties hereto, their heirs, successors and assigns.

 

IN WITNESS WHEREOF, the parties hereto have hereunder set their hands and seals or caused these presents to be executed by their proper corporate officers and caused their proper corporate seals to be hereunder affixed the day and year first above written.

 

 

	
 
    	
CEDAR   BROOK 3 CORPORATE CENTER, L.P.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Aaron Drillick
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
AMICUS   THERAPEUTICS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
   /s/   William D. Baird IIIexh10-30.htm

Exhibit 10.30

 

CONSULTING AGREEMENT FOR STOCK COMPENSATION

AGREEMENT, dated as of August 11, 2015, Sunwin Stevia International, Inc. (OTCQB: SUWN, the “Company”) located at 6 Shengweng Avenue, Qufu, China 273100 and Yuejian Wang located at 17815 Cadena Drive, Boca Raton, FL 33496 (the “Consultant”).

WITNESSETH:

WHEREAS, the Company has agreed to engage in the Consultant to provide the Company with marketing, sales, consulting and managerial services related to the operations of the Company in the U.S.

WHEREAS, the Consultant has agreed to provide such services upon the terms and for the consideration described herein;

WHEREAS, the Company and the Consultant now desire to memorialize their agreement in a formal written agreement.

NOW THEREFORE, in consideration of the mutual promises and benefits to be derived from this Agreement, the Company and the Consultant hereby agree as follows:

1.           Appointment, Services, Term.

(a)           Effective upon May 1, 2015, the Company retains Consultant to render consulting and managerial services, as described below, to the Company for a period of one year, terminating on April 30, 2016 (the “Term”).

Consultant shall provide services including developing a plan to grow stevia leaf in Florida, identifying a farming owner as a joint venture partner, developing a stevia manufacturing facility in Florida.

(b)           In the event of the termination or expiration of this Agreement, Consultant shall deliver to Company all Confidential Information and materials, together with all copies thereof, in Consultant’s possession or under Consultant’s control and to certify in writing to Company that all of such materials have so been returned.

2.           Compensation.

	
(a)  

	
The Consultant will receive 750,000 free trading shares of SUWN common stock registered with the SEC by the Company’s S-8 plan. 500,000 free trading shares will be issued within 5 business days upon the signing of the agreement.  250,000 free trading shares will be issued by December 31, 2015.  The compensation for such consulting fee should cover all the costs that Consultant should bear including travel, transportation, communication, meal, hotel, and so on.

	
(b)  

	
Consultant understands and agrees that (i) Consultant will not be treated as an employee of the Company for federal tax purposes; (ii) Company will not withhold on behalf of Consultant, pursuant to this Agreement, any sums for income tax, unemployment insurance, social security, or any other withholding pursuant to any law or requirement of any governmental body relating to Consultant, (iii) all of such payments, withholdings, and benefits, if any, are the sole responsibility of Consultant; and (iv) Consultant will indemnify and hold Company harmless from any and all loss or liability arising with respect to such payments, withholdings, and benefits, if any.  In the event the Internal Revenue Service or any other governmental agency should question or challenge the independent contractor status of Consultant the parties agree that Consultant and Company shall have the right to participate in any discussion or negotiation occurring with such agency or agencies, irrespective of who initiates the discussion or negotiations.

  

  

  

3.           Confidential Information.

The parties hereto recognize that a major need of the Company is to preserve its specialized knowledge, trade secrets, and confidential information.  The strength and goodwill of the Company is derived from the specialized knowledge, trade secrets, and confidential information generated from experience with the activities undertaken by the Company and its subsidiaries.  The disclosure of this information and knowledge to competitors would be beneficial to them and detrimental to the Company, as would the disclosure of information about the marketing practices, pricing practices, costs, profit margins, design specifications, analytical techniques, and similar items of the Company and its subsidiaries.  By reason of being a Consultant to the Company, Consultant has or will have access to, and will obtain, specialized knowledge, trade secrets and confidential information about the Company's operations and the operations of its subsidiaries, which operations extend through the United States.  Therefore, Consultant hereby agrees as follows, recognizing that the Company is relying on these agreements in entering into this Agreement:

(a)           During and after the Term, Consultant will not use, disclose to others, or publish any inventions or any confidential business information about the affairs of the Company, including but not limited to confidential information concerning the Company's products, methods, engineering designs and standards, analytical techniques, technical information, customer information, employee information, and other confidential information acquired by him in the course of his past or future services for the Company.  Consultant agrees to hold as the Company's property all memoranda, books, papers, letters, formulas and other data, and all copies thereof and therefrom, in any way relating to the Company's business and affairs, whether made by him or otherwise coming into his possession, and on termination of his employment or on demand of the Company, at any time, to deliver the same to the Company within twenty four hours of such termination or demand.

4.           Indemnification.

The Company shall defend, indemnify and hold harmless Consultant, its affiliates, and each of their officers, directors, shareholders, employees and agents against any and all expenses, liabilities, costs, risks, and threats (including, but not limited to, all expenses of defense and investigation relating thereto), arising out of or related to this Agreement.  The Company shall have no obligation to indemnify and hold Consultant harmless for any such legal or other expense, loss, claim, damage, liability, alleged damage or alleged liability resulting from the recklessness or bad faith of the Consultant in performing the services which are the subject of this Agreement. The Company shall be responsible for and shall reimburse Consultant for all attorney’s fees or costs incurred in enforcing the indemnity obligations set forth in this paragraph. The obligations of the Company under this paragraph shall be in addition to any liability that the Company may otherwise have.  The provisions set forth in this paragraph shall survive any termination of this agreement.

If for any reason the foregoing indemnification is unavailable to the Consultant or insufficient to hold it harmless, then the Company shall contribute to the amount paid or payable by the Consultant as a result of such loss, claim, damage, liability, alleged damage or alleged liability in such proportion as is appropriate to reflect not only the relative benefits received by the Company and its stockholders on the one hand and the Consultant on the other hand but also the relative fault of the Company and the Consultant, as well as any relevant equitable considerations. In any instance in which the Company has indemnified the Consultant pursuant hereto and the Consultant recovers from third parties all or any part of the amount so indemnified by the Company, the Consultant shall promptly pay over to the Company the amount so recovered.  The provisions set forth in this section shall survive any termination of the authorization provided by this letter agreement.

5.           Severability.

The provisions hereof shall be considered severable in the event that any of such provisions are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable and the remaining provisions hereof shall remain enforceable to the fullest extent permitted by law.

  

  

  

6.           Entire Agreement; Amendment.

This Agreement contains the entire agreement between the Company and the Consultant with respect to the subject matter thereof. This Agreement may not be amended, waived, changed, modified or discharged except by an instrument in writing.

7.           Notices.

All notices, request demands and other communications hereunder shall be in writing and shall be deemed to have duly given if delivered or mailed, postage prepaid, first class as follows:

	
To the Company:

 

6 Shengweng Avenue

Qufu, China 273100

Attn: Ms. Dongdong Lin

	
To the Consultant:

 

17815 Cadena Drive

Boca Raton, FL 33496

USA

and/or to such other persons and addresses as any party shall have specified in writing to the other.

8.           Governing Law.

This Agreement shall be governed by and construed under the laws of the State of Florida.

9.           Waiver and Further Agreement.

Any waiver of any breach of any terms or conditions of this Agreement shall not operate as a waiver of any other breach of such terms or conditions or any other term or condition, nor shall any failure to enforce any provision hereof operate as a waiver of such provision or of any other provision hereof.

10.           Heading of No Effect.

The paragraph headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

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

Sunwin Stevia International, Inc.

By:           /s/ Dongdong Lin 

Dongdong Lin, CEO

 CONSULTANT

By:          /s/ Yuejian Wang

Yuejian Wang,

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