Document:

wdka_ex104.htm

EXHIBIT 10.4

 

 

AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT

 

This Amendment No. 4 to the Asset Purchase Agreement (“Amendment”)  is made and entered into effective as of the 3rd day of July, 2013, by and between Douglas Joint Venture, Empire Joint Venture and V-3 Joint Venture, LLC (collectively, “Seller”) and Panache Distillery, LLC (“Buyer”).

 

WITNESSETH:

 

The parties agree to the following recitals:

 

A. WHEREAS, Seller and Buyer have heretofore entered into an Asset Purchase Agreement, dated May 15, 2013, and the Amendments thereto, (the “AGREEMENT”) for the sale and purchase of property more particularly described therein; and

 

B. WHEREAS, Seller notified Buyer that on or prior to June 18, 2013, upon retaking possession of the Purchased Assets from a tenant, it was discovered that there was a loss to a portion of the Personal Property due to theft and damage due to possible vandalism, and that parties agrees that the estimated value of the loss, although still yet undetermined, will exceed $10,000.00 (“Personal Property Loss”); and

 

C. WHEREAS, pursuant to the terms of Section 7.6 (b), the Buyer and Seller acknowledge that Buyer has the option to elect to either terminate the Agreement or continue to the closing and receive a credit against the Purchase Price, all as more particularly set forth in said Section 7.6 (b), but that such option must be exercised within fifteen days following the date of such loss or casualty; and

 

D. WHEREAS, the parties have stipulated that the date of the date of the Personal Property Loss is to be June 18, 2013 and, at the request of Buyer, Seller is willing to extend Buyer’s fifteen day option period;

 

NOW, THEREFORE, in consideration of Ten Dollars and other mutual considerations, the receipt and sufficiency of which is acknowledged, it is agreed as follows:

 

1. Recitals.  The foregoing recitals are true and correct and are incorporated herein by reference.

 

2. Loss of Purchased Assets.  Notwithstanding the terms of Section 7.6 (b), Buyer and Seller agree that, with respect to the Personal Property Loss that arose or occurred as of June 18, 2013,  Buyer shall have until July 19, 2013, to notify Seller in writing that it elects to terminate the Agreement, or otherwise the Agreement shall remain in full force and effect and the transaction contemplated by this Agreement shall be consummated with Buyer receiving a credit against the Purchase Price at the Closing in an amount equal to any deductible amount, co-insurance payment or other uninsured portion of the reasonable cost (but less any sums expended by Seller for interim repairs or restorations) as reflected by good faith estimates or bids submitted by contractors or valuation appraisers mutually acceptable to Seller and Buyer, to repair such damage or destruction or replace such damaged or stolen Personal Property with like-kind property, not to exceed in the aggregate the total sum of $100,000.

 

IN WITNESS WHEREOF, the parties have hereunto set their hand and seal on the day and year first above written.  A facsimile signature shall be constituted as an original.  This document may be signed in one or more counterparts.

 

	 	
[BUYER]

PANACHE DISTILLERY LLC

	 
	 	 	 	 
	 	
 

	
PANACHE DISTILLERY LLC

By: /S/ AGATA PODEDWORNY

Name: Agata Podedworny

Title: Manager

[SELLER]

DOUGLAS JOINT VENTURE

By: /S/ LESTER M. UNGER

Name: Lester M. Unger

Title: Managing Joint Venturer

V-3 JOINT VENTURE, LLC

By: /S/ LESTER M. UNGER

Name: Lester M. Unger

Title: Managing Joint Venturer

EMPIRE JOINT VENTURE

By: /S/ LESTER M. UNGER

Name: Lester M. Unger

Title: Managing Joint VenturerExhibit 4.3 First Amendment to Fourth Amended and Restated Registration Rights Agreement

FIRST AMENDMENT TO
FOURTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
This First Amendment (this “Amendment”) amends that certain Fourth Amended and Restated Registration Rights Agreement, dated as of November 1, 2012 (the “Agreement”), by and among by and among CELLULAR DYNAMICS INTERNATIONAL, INC., a Wisconsin corporation (the “Company”), and the individuals and entities who have executed a counterpart signature page hereto (each individually an “Amending Preferred Shareholder” and collectively the “Amending Preferred Shareholders”).  Capitalized terms used herein without definition shall have the meanings ascribed to them in the Agreement
R E C I T A L S
WHEREAS, the Amending Preferred Shareholders are Holders of more than fifty percent (50%) of the Series A Registrable Securities outstanding as of the date hereof and by their execution of this Amendment, they are consenting, separately as a single class, hereto;
WHEREAS, the Amending Preferred Shareholders are Holders of more than fifty percent (50%) of the Series B Registrable Securities outstanding as of the date hereof and by their execution of this Amendment, they are consenting, separately as a single class, hereto; and
WHEREAS, the parties have determined it is their respective best interests to amend the Agreement as set out below.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual promises set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows:
1.    Registration Statement on Form S-1.  The Amending Preferred Shareholders hereby acknowledge that (i) in preparation for a possible Initial Offering, on February 26, 2013 the Company confidentially submitted a registration statement on Form S‐1 to the Securities and Exchange Commission and (ii) the Company has amended, and hereafter may further amend and publicly file, such registration statement and effectuate an Initial Offering contemplated in such registration statement as it would be declared effective by the Securities and Exchange Commission.  Without limitation to the provisions of Section 2 hereof, the Amending Preferred Shareholders hereby waive any and all rights of Holders that absent the amendment pursuant to Section 2 hereof may exist with respect to the Initial Offering pursuant to the registration statement contemplated above and in Section 2 hereof.
2.    Amendment of the Agreement.  The Agreement is hereby amended by inserting the following sentence at the end of Section 2.2(a):  
“Notwithstanding any term or implication to the contrary herein, this Section 2.2 shall not apply to, and no Holder shall have a right under this Section 2.2 with respect to, the filing of the registration statement initially submitted by the Company to the Securities and Exchange Commission on a confidential basis on February 26, 2013 and thereafter amended and publicly filed with the Securities and Exchange Commission, including any right to include all or part of its Registrable Securities in such registration statement as it would be declared effective by the Securities and Exchange Commission.”
3.    Agreement Otherwise Unaffected.  The Agreement, as amended by this Amendment, shall remain in full force and effect.
4.    Counterparts; Facsimile or PDF Signatures.  This Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.  This Amendment may be executed by facsimile and/or pdf and each facsimile and/or pdf signature will have the same effect as an original signature.
[Remainder of this page intentionally left blank.]

IN WITNESS WHEREOF, the parties hereto have executed this FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof.

 
COMPANY:
CELLULAR DYNAMICS INTERNATIONAL, INC.
By:    /s/ Thomas M. Palay    
Print Name:    Thomas M. Palay    
Print Title:    President    

IN WITNESS WHEREOF, the parties hereto have executed this FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof.

SHAREHOLDER:

/s/ James Thomson    

James Thomson    
(Print Name of Shareholder)

    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Michael Falk    

Wisconsin Alumni Research Foundation    
(Print Name of Shareholder)

Michael E. Falk, General Counsel    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Michael Falk    

WiCell Research Institute, Inc.    
(Print Name of Shareholder)

Michael F. Falk, General Counsel    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Daniel F. Pritzker    

Sixth Floor Investors LP    
(Print Name of Shareholder)

Daniel F. Pritzker, Chief Executive Officer of the General Partner, 8-26-22 GP LLC
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II Ventures Limited Partnership    
(Print Name of Shareholder)

Thomas M. Palay, Manager of Tactics II General Partner LLC, 
general partner of Tactics II Ventures Management Limited
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II Stem Cell Ventures (QP) LP    
(Print Name of Shareholder)

Thomas M. Palay, Manager of 
Tactics II SC General Partner LLC    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II Stem Cell Ventures LP    
(Print Name of Shareholder)

Thomas M. Palay, Manager of
Tactics II SC General Partner LLC    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II-CDI Series B Investors, LLC    
(Print Name of Shareholder)

Thomas M. Palay, Manager of
Tactics II-CDI Series B Manager, LLC    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II-CDI Series B Investors II, LLC    
(Print Name of Shareholder)

Thomas M. Palay, Manager of
Tactics II-CDI Series B Manager II, LLC    
(Print Name and Title of Signatory) (as applicable)

SHAREHOLDER:

/s/ Thomas M. Palay    

Tactics II-CDI Series B Investors III, LLC    
(Print Name of Shareholder)

Thomas M. Palay, Manager of
Tactics II-CDI Series B Manager III, LLC    
(Print Name and Title of Signatory) (as applicable)

9355960.2

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