Document:

ex_277693.htm

Exhibit 10.2

 

ADDITIONAL CLAUSES

 

TO

 

MEMORANDUM OF AGREEMENT DATED   21 August 2021      BETWEEN LEX ESPRIT LTD. AND ESPRIT HOLDINGS LIMITED FOR THE SALE AND PURCHASE OF "CRYSTAL ESPRIT" (IMO NO. 8705266) ("Agreement")

 

19.         Bareboat Charter

 

	 	
			(a)

				
			Pursuant to the Bareboat Charter Party of even date between the Buyers (as owners) and the Sellers (as charterers) (as the same may be amended, supplemented and varied from time to time, the "Bareboat Charter"), the Buyers have agreed to let and the Sellers have agreed to hire the Vessel upon and subject to the terms and conditions therein.

			

 

	 	
			(b)

				
			The Sellers’ obligation to sell the Vessel to the Buyers and the Buyers’ obligation to purchase the Vessel from the Sellers pursuant to this Agreement is conditional upon and subject to the execution of the Bareboat Charter by both the Sellers and Buyers simultaneously with this Agreement.

			

 

	 	
			(c)

				
			The Buyers shall simultaneously with the delivery of the Vessel under this Agreement, be obliged to deliver the Vessel to the Sellers upon and subject to the terms of the Bareboat Charter.

			

 

20.         Buyers' Undertaking

 

The Buyers confirm that they do not purchase the Vessel for scrapping purpose and undertake to use the Vessel for sea-going purpose after re-delivery of the Vessel to the Buyers under the Bareboat Charter.

 

21.         Confidentiality

 

This terms of Agreement and its negotiation (the “Confidential Information”) are private and confidential between the Sellers and the Buyers. Such Confidential Information shall not be disclosed to any other person without the prior written consent of the disclosing party, provided that nothing in this clause shall preclude a party from disclosing Confidential Information:

 

	 	
			(a)

				
			to its affiliates, members, directors, officers, employees, consultants, agents, representatives, advisers and to the Vessel’s technical and commercial managers;

			

 

	 	
			(b)

				
			to the extent required by law or regulation or any governmental or other authority, or the rules of any relevant stock exchange; or

			

 

	 	
			(c)

				
			which is in the public domain, other than as a result of breach of this clause by or through such party.

			

 

22.         Engine

 

	 	
			(a)

				
			The Sellers and the Buyers acknowledge that the starboard engine (the "Engine") is currently in the condition as per the latest Classification Society record already provided to the Buyers (the "Engine Condition").

			

 

	 	
			(b)

				
			Notwithstanding any provisions to the contrary in this Agreement, the Sellers and the Buyers agree that the Vessel may be delivered to the Buyers under this Agreement (and the Buyers shall take delivery of the Vessel under this Agreement) with the Engine Condition.

			

 

	 	
			(c)

				
			In consideration of the Buyers agreeing to complete the sale and purchase of the Vessel (and to take delivery of the Vessel) under this Agreement with the Engine Condition the Sellers undertake to, at their own costs, repair the Engine within the Charter Period (as defined under the Bareboat Charter) and to procure that the Vessel is redelivered to the Buyers under the Bareboat Charter with the Engine Condition fixed and repaired.

			

 

 

 

 

23.         Retentions

 

	 	
			(a)

				
			As security for the Sellers' obligations to redeliver the Vessel under the Bareboat Charter in a condition meeting the Redelivery Condition Requirements (as defined in clause 10 of the Bareboat Charter) and the Sellers’ indemnity obligations under Clause 9 of this Agreement and those under clause 22 of the Bareboat Charter against any lien arising out of an event occurring during the Charter Period (together the "Sellers' Relevant Indemnity Obligations"), the Sellers and the Buyers agree that part of the Purchase Price payable to the Sellers on delivery of the Vessel in the sum of United States Dollars Two Million and Three Hundred Thousand (US$2,300,000) (the "Aggregate Retention") shall, on delivery of the Vessel, be paid to the Completion Services Agent who shall stakehold the Aggregate Retention according to the Completion Services Agreement and release it to the Sellers or the Buyers as the case may be (for which the Sellers and the Buyers agree to give joint instructions to the Completion Services Agent to effect such release in accordance with the Completion Services Agreement) in the circumstances as set out below.

			

 

	 	
			(b)

				
			Part of the Aggregate Retention in the amount of US$2,050,000 (the “Vessel Condition Retention”)  shall be released to the Sellers upon acceptance by the Buyers of redelivery of the Vessel to the Buyers under the Bareboat Charter in compliance with the Redelivery Condition Requirements.

			

 

	 	
			(c)

				
			Unless otherwise agreed between the Parties, if the Redelivery Condition Requirements have not been met at the end of the Charter Period, the Buyers shall accept redelivery of the Vessel under the Bareboat Charter notwithstanding that the Redelivery Condition Requirements have not been met, in which case:

			

 

	 	
			(i)

				
			such amount as the Parties may reasonably determine as the direct costs and expenses required to rectify the outstanding Redelivery Condition Requirements shall be released out of the Vessel Condition Retention to the Buyers and the Buyers shall apply the funds towards making the necessary repairs to the Vessel to bring her to the condition which satisfies the Redelivery Condition Requirements; and

			

 

	 	
			(ii)

				
			the Vessel Condition Retention (other than the amount noted in (i) above) shall be released to the Sellers.

			

 

To the extent there are any funds of the Vessel Condition Retention released to the Buyers remaining after the Vessel has been repaired to a condition which meets the Redelivery Condition Requirements, such funds shall be paid to the Sellers promptly after the repair has been completed. The Sellers and the Buyers agree that the rights of the Buyers under this Clause 23(c) shall be the sole remedy of the Buyers in connection with the Sellers' failure to redeliver the Vessel under the Bareboat Charter in a condition meeting the Redelivery Condition Requirements.

 

	 	
			(d)

				
			Part of the Aggregate Retention in the amount of US$250,000 (the “Indemnity Retention”) shall be released to the Sellers on or before 1 February 2022 (the “Post Redelivery Period End Date”) provided that at such time there are no outstanding indemnity claims for any Sellers' Relevant Indemnity Obligations.

			

 

	 	
			(e)

				
			If, at the Post Delivery Period End Date, there are outstanding indemnity claims for any Sellers' Relevant Indemnity Obligations, the Indemnity Retention shall be released to the Buyers to reimburse it in relation to such indemnity claims and the balance, if any, shall be paid to the Sellers.  In the event that the Indemnity Retention is not sufficient to meet any such outstanding indemnity claims, this will be without prejudice to the Buyers to seek indemnification from the Sellers under Clause 9 of this Agreement or Clause 22 of the Bareboat Charter.    

			

 

 

 

 

SIGNATURE PAGE

 

ADDITIONAL CLAUSES

TO MEMORANDUM OF AGREEMENT DATED  21 August 2021      BETWEEN LEX ESPRIT LTD. AND ESPRIT HOLDINGS LIMITED FOR SALE AND PURCHASE OF "CRYSTAL ESPRIT" (IMO NO. 8705266)

 

 

	
			THE BUYERS

				 	
			THE SELLERS

			
	
			Lex Esprit Ltd.

				 	
			Esprit Holdings Limited          

			
	
			by:

				 	
			by:

			
	 	 	 
	/s/ Craig Felenstein	 	/s/ Chris Chan Kam Hing
	
			Name:   Craig Felenstein

				 	
			Name:  Chris Chan Kam Hing

			
	
			Title:     CFO

				 	
			Title:    Director

			
	
			Date:    21 August 2021

				 	
			Date:    21 August 2021Document

Exhibit 4.1

THIS CERTIFIES THAT is the owner of CUSIP DATED COUNTERSIGNED AND REGISTERED: COMPUTERSHARE TRUST COMPANY, N.A. TRANSFER AGENT AND REGISTRAR, FULLY-PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF IsoPlexis Corporation (hereinafter called the “Company”), transferable on the books of the Company in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Certificate of Incorporation, as amended, and the By-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers. COMMON STOCK PAR VALUE $0.001 COMMON STOCK SEE REVERSE FOR CERTAIN DEFINITIONS Certificate Number Shares . ISOPLEXIS CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE FACSIMILE SIGNATURE TO COME FACSIMILE SIGNATURE TO COME President Secretary By AUTHORIZED SIGNATURE 3/1/2013 D EL AWAR E C ORPORATE IS O P LE XIS CORPOR A T IO N ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS# XXXXXX XX X DD-MMM-YYYY * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * ** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Sample **** Mr. Sample **000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares*** *000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares**** 000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0 00000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00 0000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000 000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0000 00**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00000 0**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000 **Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000* *Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000** Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**S * *ZERO HUNDRED THOUSAND ZERO HUNDRED AND ZERO** MR. SAMPLE & MRS SAMPLE & MR. A PLE & MRS. SAMPLE ZQ00000000 Certificate Num bers 1234567890/1234567890 1234567890/1234567890 1234567890/1234567890 1234567890/1234567890 1234567890/1234567890 1234567890/1234567890 Total Transaction Num /No. 123456 Denom . 123456 Total 1234567 MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 PO BOX 505006, Louisville, KY 40233-5006 CUSIP/IDENTIFIER XXXXXX XX X Holder ID XXXXXXXXXX Insurance Value 1,000,000.00 Num ber of Shares 123456 DTC 12345678 123456789012345 THIS CERTIFICATE IS TRANSFERABLE IN CITIES DESIGNATED BY THE TRANSFER AGENT, AVAILABLE ONLINE AT www.computershare.com

The IRS requires that the named transfer agent (“we”) report the cost basis of certain shares or units acquired after January 1, 2011. If your shares or units are covered by the legislation, and you requested to sell or transfer the shares or units using a specific cost basis calculation method, then we have processed as you requested. If you did not specify a cost basis calculation method, then we have defaulted to the first in, first out (FIFO) method. Please consult your tax advisor if you need additional information about cost basis. If you do not keep in contact with the issuer or do not have any activity in your account for the time period specified by state law, your property may become subject to state unclaimed property laws and transferred to the appropriate state. For value received,____________________________ hereby sell, assign and transfer unto ________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________ Shares _______________________________________________________________________________________________________________________ Attorney Dated: __________________________________________ 20__________________ Signature:____________________________________________________________ Signature:____________________________________________________________ Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever. PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises. . ISOPLEXIS CORPORATION THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE CERTIFICATE OF INCORPORATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. Signature(s) Guaranteed: Medallion Guarantee Stamp THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT -............................................Custodian................................................ (Cust) (Minor) TEN ENT - as tenants by the entireties under Uniform Gifts to Minors Act........................................................ (State) JT TEN - as joint tenants with right of survivorship UNIF TRF MIN ACT -............................................Custodian (until age................................ ) and not as tenants in common (Cust) ............................. under Uniform Transfers to Minors Act................... (Minor) (State) Additional abbreviations may also be used though not in the above list.

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