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Exhibit 10.30    
  

 
 

EXHIBIT A    
    
    IDEC PHARMACEUTICALS CORPORATION    
    
    STOCK OPTION AGREEMENT    
  

RECITALS  

        A.    The
Board of Directors of the Company has adopted the Company's 1988 Stock Option Plan, as amended (the "Plan"), for the purpose of attracting and retaining the services
of selected key employees (including officers and directors) who contribute to the financial success of the Company or its parent or subsidiary corporations. 

        B.    Optionee
is an individual who is to render valuable services to the Company or its parent or subsidiary corporations, and this Agreement is executed pursuant to, and is
intended to carry out the purposes of, the Plan in connection with the Company's grant of a stock option to Optionee. 

        NOW, THEREFORE, it is hereby agreed as follows: 

        1.    Grant of Option.    Subject to and upon the terms and conditions set forth in this
Agreement, the Company hereby grants to Optionee, as of the grant date (the "Grant Date") specified in the accompanying Notice of Grant of Stock Option (the "Grant Notice"), a stock option to purchase
up to that number of shares of the Company's Common Stock (the "Optioned Shares") as is specified in the Grant Notice. The Optioned Shares shall be purchasable from time to time during the option term
at the option price per share (the "Option Price") specified in the Grant Notice. 

        2.    Option Term.    This option shall have a maximum term of ten (10) years measured
from the Grant Date and shall accordingly expire at the close of business on the expiration date (the "Expiration Date") specified in the Grant Notice, unless sooner terminated in accordance with
Paragraph 5 or 6. 

        3.    Limited Transferability.    This option (together with the limited stock appreciation
right pertaining to this option) shall be neither transferable nor assignable by Optionee other than a transfer of the option effected by will or the laws of inheritance distribution following the
Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. However, if this option is designated as a Non-statutory Option in the Grant Notice, then this option
may, in connection with the Optionee's estate plan, be assigned in whole or in part during the Optionee's lifetime to one or more members of the Optionee's immediate family or to a trust established
exclusively for one or more such family members. The assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the stock option pursuant to the assignment.
The terms applicable to the assigned portion shall be the same as those in effect for the stock option immediately prior to such assignment and shall be set forth in such documents issued to the
assignee as the Plan Administrator may deem appropriate. 

        4.    Dates of Exercise.    This option shall become exercisable for the Optioned Shares in
one or more installments in accordance with the exercise schedule set forth in the Grant Notice. As the option becomes exercisable for one or more installments, those installments shall accumulate,
and the option shall remain exercisable for such installments until the Expiration Date or sooner termination of the option term under Paragraph 5 or Paragraph 6 of this Agreement. 

        5.    Cessation of Service.    The option term specified in Paragraph 2 shall terminate
(and this option shall cease to be exercisable) prior to the Expiration Date should one of the following provisions become applicable: 

          (i)  Except
as otherwise provided in subparagraphs (ii) or (iii) below, should Optionee cease to remain in Service at any time during the option term, then the period
for exercising this option shall be reduced to a three (3)-month period commencing with the date of such cessation of Service, but in no event shall this option be exercisable at any time after the
Expiration Date. 

 

Upon the expiration of such three (3)-month period or (if earlier) upon the Expiration Date, this option shall terminate and cease to be outstanding. 

        (ii)  Should
Optionee die while in Service or during the three (3)-month period following Optionee's cessation of Service, then the personal representative of the Optionee's
estate or the person or persons to whom the option is transferred by will or the laws of inheritance following Optionee's death or to whom the option is transferred during Optionee's lifetime pursuant
to a permitted transfer under Paragraph 3 shall have the right to exercise this option. Such right shall lapse, and this option shall cease to remain exercisable, upon the  earlier of (A) the
expiration of the thirty-six (36)-month period measured from the date of Optionee's death or (B) the
Expiration Date. Upon the expiration of such thirty-six (36)-month period or (if earlier) upon the Expiration Date, this option shall terminate and cease to be outstanding. 

        (iii)  Should
Optionee become permanently disabled and cease by reason thereof to remain in Service at any time during the option term, then the period for exercising this
option shall be reduced to a thirty-six (36)-month period commencing with the date of such cessation of Service. In no event, however, shall this option be exercisable at any time after
the Expiration Date. Optionee shall be deemed to be permanently disabled if Optionee is unable to engage in any substantial gainful activity by reason
of any medically-determinable physicalor mental impairment expected to result in death or otherwise to continue for a period of not less than twelve (12) months. Upon the expiration of such
limited period of exercisability or (if earlier) upon the Expiration Date, this option shall terminate and cease to be outstanding. 

        (iv)  During
the limited period of post-Service exercisability applicable under subparagraph (i), (ii) or (iii) above, this option may not be exercised in
the aggregate for more than the number of Optioned Shares for which this option is, at the time of Optionee's cessation of Service, exercisable in accordance with the normal exercise provisions
specified in the Grant Notice or the special acceleration provision of Paragraph 6 of this Agreement. However, upon the Optionee's cessation of Service, this option shall immediately terminate
and cease to be outstanding with respect to any Optioned Shares for which such option is not otherwise at that time exercisable. 

        (v)  For
purposes of this Agreement, the Optionee shall be deemed to remain in Service for as long as the Optionee continues
to render periodic services to the Company or any Parent or Subsidiary corporation, whether as an Employee, a non-employee member of the Board of Directors, or an independent contractor or
consultant. In applying the provisions of this Agreement, the Optionee shall be deemed to be an Employee and to continue in the Company's employ for so
long as the Optionee remains in the employ of the Company or one or more of its Parent or Subsidiary corporations, subject
to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance. 

        (vi)  In
applying the provisions of this Agreement, a corporation shall be considered to be a Subsidiary if it is a member of
an unbroken chain of corporations beginning with the Company, provided each such corporation in the chain (other than the last corporation) owns, at the time of determination, stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation shall be considered to be a  Parent if it is a member of an
unbroken chain ending with the Company, provided each such corporation in the chain (other than the Company) owns, at the
time of determination, stock possessing fifty percent (50%) or more the total combined voting power of all classes of stock in one of the other corporations in such chain. 

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        6.    Corporate Transaction.    

        A.    In
the event of one or more of the following transactions (a "Corporate Transaction"): 

          (i)  a
merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state of the
Company's incorporation, 

        (ii)  the
sale, transfer or other disposition of all or substantially all of the assets of the Company in liquidation or distribution of the Company, or 

        (iii)  any
reverse merger in which the Company is the surviving entity but in which fifty percent (50%) or more of the Company's outstanding voting stock is transferred to
holders different from those who held the stock immediately prior to such merger, 

        then
the exercisability of this option (to the extent outstanding at that time) shall automatically accelerate so that such option shall, immediately prior to the specified effective
date for the Corporate Transaction, become fully exercisable for all of the Optioned Shares and may be exercised for all or any portion of such shares. No such acceleration of this option, however,
shall occur if and to the extent the option is, in connection with the Corporate Transaction, either to be assumed by the successor corporation or parent thereof or be replaced with a comparable
option to purchase shares of the capital stock of the successor corporation or parent thereof. The determination of comparability shall be made by the Plan Administrator, and its determination shall
be final, binding and conclusive. 

        B.    This
option, to the extent not previously exercised, shall terminate upon the consummation of the Corporate Transaction and cease to be exercisable, unless it is
expressly assumed by the successor corporation or parent thereof. 

        C.    The
exercisability of this option as an incentive stock option under the Federal tax laws (if designated as such in the Grant Notice) shall, in connection with any such
Corporate Transaction, be subject to the applicable dollar limitation of Paragraph 18. 

        D.    This
Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise make changes in its capital or business structure or to
merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

        7.    Adjustment in Optioned Shares.    

        A.    In
the event any change is made to the Common Stock issuable under the Plan by reason of any stock split, stock dividend, combination of shares, exchange of shares, or
other change affecting the outstanding Common Stock as a class without receipt of consideration, appropriate adjustments shall be made to (I) the class and/or number of Optioned Shares subject
to this option and (II) the Option Price payable per share in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder. 

        B.    If
this option is to be assumed or is otherwise to remain outstanding after a Corporate Transaction, then this option shall be appropriately adjusted to apply and pertain
to the number and class of securities which would have been issuable to the Optionee in the consummation of such Corporate Transaction had the option been exercised immediately prior to such Corporate
Transaction, and appropriate adjustments shall also be made to the Option Price payable per share, provided the aggregate Option Price payable hereunder
shall remain the same. 

        8.    Privilege of Stock Ownership.    The holder of this option shall not have any of the
rights of a stockholder with respect to the Optioned Shares until such individual shall have exercised the option and paid the Option Price. 

3

 

        9.    Manner of Exercising Option.    

        A.    In
order to exercise this option with respect to all or any part of the Optioned Shares for which this option is at the time exercisable, Optionee (or any other person or
persons properly exercising this option) must take the following actions: 

          (i)  Execute
and deliver to the Manager of Stock Administration a notice of exercise, either in writing or electronic format (the "Exercise Notice"), in substantially the
form of Exhibit I attached hereto, in which there is specified the number of Optioned Shares for which the option is exercised. 

        (ii)  Pay
the aggregate Option Price for the purchased shares in one or more of the following alternative forms: 

        1.    payment
in cash or check payable to the Company; or 

        2.    payment
in shares of Common Stock of the Company held by the Optionee for the requisite period necessary to avoid a charge to the Company's reported earnings and valued
at Fair Market Value on the Exercise Date (as such terms are defined below); or 

        3.    payment
through a special sale and remittance procedure pursuant to which the Optionee is to provide irrevocable instructions (I) to a designated brokerage firm to
(A) effect the immediate sale of the purchased shares and (B) remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate
Option Price payable for the purchased shares plus all applicable Federal and State income and employment taxes required to be withheld by the Company by reason of such purchase and (II) to the
Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction. 

        4.    any
other form which the Plan Administrator may, in its discretion, approve at the time of exercise in accordance with the provisions of Paragraph 14 of this
Agreement. 

        (iii)  Furnish
to the Company appropriate documentation that the person or persons exercising the option (if other than Optionee) have the right to exercise this option. 

        Except
to the extent the sale and remittance procedure is utilized in connection with the exercise of the option, payment of the Option Price for the purchased shares of Common Stock
must accompany the Exercise Notice delivered to the Company. 

        B.    For
purposes of this Agreement, the Exercise Date shall be the date on which the executed Exercise Notice shall have been delivered to the Company, and the Fair Market
Value per share of Common Stock on any relevant date shall be determined in accordance with subparagraphs (i) and (ii) below: 

          (i)  If
the Common Stock is not at the time listed or admitted to trading on any stock exchange but is traded on the Nasdaq National Market System, the Fair Market Value
shall be the closing selling price per share of Common Stock on the date in question, as such price is reported by the National Association of Securities Dealers ton the Nasdaq National Market and
published in The Wall Street Journal. If there is no closing selling price for the Common Stock on the date in question, then the closing selling price
on the last preceding date for which such quotation exists shall be determinative of Fair Market Value. 

        (ii)  If
the Common Stock is on the date in question listed or admitted to trading on any national stock exchange, then the Fair Market Value shall be the closing selling
price per share of Common Stock on such date on the stock exchange determined by the Plan Administrator to be the primary market for the Common Stock, as such price is officially quoted in the
composite tape of transactions on such exchange and published in The Wall Street Journal. If there is no reported 

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sale of Common Stock on such exchange on the date in question, then the Fair Market Value shall be the closing selling price on the exchange on the last preceding date for which such quotation
exists. 

        C.    As
soon after the Exercise Date as practical, the Company shall mail or deliver to or on behalf of the Optionee (or any other person or persons exercising this option) a
certificate or certificates representing the purchased shares, with the appropriate legends affixed thereto. 

        D.    In
no event may this option be exercised for any fractional shares. 

        10.    Compliance with Laws and Regulations.    

        A.    The
exercise of this option and the issuance of the Optioned Shares upon such exercise shall be subject to compliance by the Company and the Optionee with all applicable
requirements of law relating thereto and with all applicable regulations of any stock exchange on which shares of the Company's Common Stock may be listed at the time of such exercise and issuance. 

        B.    In
connection with the exercise of this option, Optionee shall execute and deliver to the Company such representations in writing as may be requested by the Company in
order for it to comply with the applicable requirements of Federal and state securities laws. 

        11.    Successors and Assigns.    Except to the extent otherwise provided in
Paragraph 3 or 6, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of Optionee and
the successors and assigns of the Company. 

        12.    Liability of Company.    

        A.    If
the Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without stockholder approval be issued under
the Plan, then this option shall be void with respect to such excess shares unless stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the
Plan is obtained in accordance with the provisions of Section XIII of the Plan. 

        B.    The
inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and sale of any
Common Stock pursuant to this option shall relieve the Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been
obtained. The Company, however, shall use its best efforts to obtain all such approvals. 

        13.    Notices.    Any notice required to be given or delivered to the Company under the terms
of this Agreement shall be in writing or in electronic format and addressed to the Company in care of the Manager of Stock Administration at the Company's principal corporate offices. Any notice
required to be given or delivered to Optionee shall be either in writing and addressed to Optionee at the address indicated below Optionee's signature line on the Grant Notice or in electronic format
delivered to Optionee's e-mail address with the Company. All notices shall be deemed to have been given or delivered upon personal or electronic delivery or upon deposit in the U.S. mail,
postage prepaid and properly addressed to the party to be notified. 

        14.    Promissory Note.    The Plan Administrator may, in its absolute discretion and without
any obligation to do so, allow the Optionee to pay the Option Price for the purchased shares of Common Stock hereunder (less the par value of those shares) by delivering a full-recourse
promissory note bearing a market rate of interest and secured by the purchased shares and payable to the Company in one or more installments over a period of years. The remaining terms of any such
promissory note shall be established by the Plan Administrator in its sole discretion. However, in no event shall any such promissory note be authorized if prohibited by Section 402 of the
Sarbanes-Oxley Act of 2002. 

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        15.    At Will Employment or Service.    Nothing in this Agreement or in the Plan shall confer
upon the Optionee any right to continue in the Service of the Company (or any Parent or Subsidiary employing or retaining Optionee) for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Company (or any such Parent or Subsidiary) or the Optionee, which rights are hereby expressly reserved by each, to terminate the Optionee's Service at any time
for any reason whatsoever, with or without cause. 

        16.    Construction.    This Agreement and the option evidenced hereby are made and granted
pursuant to the Plan and are in all respects limited by and subject to the express terms and provisions of the Plan. All decisions of the Plan Administrator with respect to any question or issue
arising under the Plan or this Agreement shall be conclusive and binding on all persons having an interest in this option. 

        17.    Governing Law.    The interpretation, performance, and enforcement of this Agreement
shall be governed by the laws of the State of California without resort to that State's conflict-of-laws rules. 

        18.    Additional Terms Applicable to an Incentive Stock Option.    In the event this option
is designated an incentive stock option in the Grant Notice, the following terms and conditions shall also apply to the grant: 

        A.    This
option shall cease to qualify for tax treatment as an incentive stock option under the Federal tax laws if (and to the extent) this option is exercised for one or
more Optioned Shares: (i) more than three (3) months after the date the Optionee ceases to be an Employee for any reason other than death or permanent disability (as defined in
Paragraph 5) or (ii) more than one (1) year after the date the Optionee ceases to be an Employee by reason of permanent disability. 

        B.    No
installment under this option (whether annual or monthly) shall qualify for tax treatment as an incentive stock option under the Federal tax laws if (and to the
extent) the aggregate fair market value (determined at the Grant Date) of the Company's Common Stock for which such installment first becomes exercisable hereunder will, when added to the aggregate
fair market value (determined as of the respective date or dates of grant) of the Company's Common Stock for which one or more other incentive stock options granted to the Optionee prior to the Grant
Date (whether under the Plan or any other option plan of the Company or any Parent or Subsidiary corporation) first become exercisable during the same calendar year, exceed One Hundred Thousand
Dollars ($100,000) in the aggregate. Should the number of shares of Common Stock for which this option first becomes exercisable in any calendar year exceed the applicable One Hundred Thousand Dollar
($100,000) limitation, the option may nevertheless be exercised for those excess shares in such calendar year as a non-statutory option. 

        C.    Should
the exercisability of this option be accelerated upon a Corporate Transaction in accordance with Paragraph 6, then this option shall qualify for favorable
tax treatment as an incentive stock option
under the Federal tax laws only to the extent the aggregate fair market value (determined at the Grant Date) of the Company's Common Stock for which this option first becomes exercisable in the
calendar year in which the Corporate Transaction occurs does not, when added to the aggregate fair market value (determined as of the respective date or dates of grant) of the Company's Common Stock
for which this option or one or more other incentive stock options granted to the Optionee prior to the Grant Date (whether under the Plan or any other option plan of the Company or any Parent or
Subsidiary corporations) first become exercisable during the same calendar year, exceed One Hundred Thousand Dollars ($100,000) in the aggregate. Should the number of shares of Common Stock for which
this option first becomes exercisable in the calendar year of such Corporate Transaction exceed the applicable One Hundred Thousand Dollar ($100,000) limitation, the option may nevertheless be
exercised for those excess shares in such calendar year as a non-statutory option. 

6

 

        D.    To
the extent this option should fail to qualify as an incentive stock option under the Federal tax laws, the Optionee will recognize compensation income in connection
with the acquisition of one or more Optioned Shares hereunder, and the Optionee must make appropriate arrangements for the satisfaction of all Federal, State or local income and employment tax
withholding requirements applicable to such compensation income. 

        19.    Additional Terms Applicable to a Non-Statutory Stock Option.    In the
event this option is designated a non-statutory stock option in the Grant Notice, Optionee hereby agrees to make appropriate arrangements with the Company or parent or subsidiary
corporation employing Optionee for the satisfaction of all Federal, State or local income and employment tax withholding requirements applicable to the exercise of this option. 

        20.    Authorized Leave of Absence.    The following provisions shall apply upon the
Optionee's commencement of an authorized leave of absence: 

        A.    The
Optionee shall, for purposes of the exercise schedule set forth in the Grant Notice, receive Service credit for the first thirty (30) days of such authorized
leave or for the entire period of the leave if such leave is less than thirty (30) days. 

        B.    If
the authorized leave of absence exceeds thirty (30) days, then no further Service credit shall be given after the first thirty (30) days of such leave,
and the exercise schedule in effect under the Grant Notice shall be frozen at the end of that thirty-day (30) period. Accordingly, this option shall not become exercisable for any
additional installments of the Option Shares during the remainder of the Optionee's authorized leave. 

        C.    Should
Optionee resume active Employee status within one hundred twenty (120) days after the start date of the authorized leave, without any intervening break in
Service, then Optionee shall, for purposes of the exercise schedule set forth in the Grant Notice, receive Service credit for the entire period of such leave. However, if Optionee does not resume
active Employee status within such one hundred twenty (120)-day period or otherwise terminates Service during that period, then no Service credit shall be given for the period of such
leave beyond the initial thirty (30) days of that leave. 

        D.    If
this option is designated as an Incentive Option in the Grant Notice, then the following additional provision shall apply: 

          (i)  If
the leave of absence continues for more than ninety (90) days, then this option shall automatically convert to a Non-Statutory Option at the end
of the three (3)-month period measured from the later of (x) the ninety-first (91st) day of such leave or, if applicable, (ii) the first
date the Optionee's reemployment rights are no longer guaranteed by statute or by written agreement. Following any such conversion of this option, all subsequent exercises of this option, whether
effected before or after Optionee's return to active Employee status, shall result in an immediate taxable event, and the Corporation shall be required to collect from Optionee the income and
employment withholding taxes applicable to such exercise. 

        E.    In
no event shall this option become exercisable for any additional Option Shares or otherwise remain outstanding if Optionee does not resume Employee status prior to the
Expiration Date of the option term. 

        21.    Limited Stock Appreciation Right.    Optionee is hereby granted a limited stock
appreciation right, exercisable upon the terms and conditions set forth below: 

        A.    The
stock appreciation right shall under no circumstances become exercisable until the option has been outstanding for a period of at least six (6) months measured
from the Grant Date of this option. 

7

 

        B.    Provided
(i) the Optionee is at the time an officer or director of the Company subject to the short-swing profit restrictions of the Federal securities laws and
(ii) the Company's outstanding Common Stock is at the time registered under Section 12(g) of the Securities Exchange Act of 1934 ("1934 Act"), then this option shall automatically be
cancelled upon the effective date of a Hostile Take-Over, to the extent this option is at such time exercisable for fully-vested shares of Common Stock. The Optionee shall in return be
entitled to a cash distribution from the Company in an amount equal to the excess of (i) the Take-Over Price of the vested shares of Common Stock for which the option is exercisable
at the time of cancellation over (ii) the aggregate Option Price payable for such shares. The Plan Administrator hereby pre-approves the exercise of this limited stock appreciation
right in accordance
with the terms of this Paragraph 21. Accordingly, the cash distribution shall be made within five (5) days following the effective date of the Hostile Take-Over, and no
further approval of the Plan Administrator or the Company's Board of Directors shall be required at the time this limited stock appreciation right is exercised. The balance of the option (if any)
shall continue to be governed by the terms and provisions of this Agreement. 

        C.    For
purposes of such distribution, the following definitions shall be in effect: 

	•
	A
Hostile Take-Over shall be deemed to occur in the event (i) any person or related group of persons (other than the Company or a person
that directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of
Rule 13d-3 of the Securities Exchange Act of 1934) of securities possessing more than twenty-five percent (25%) of the total combined voting power of the Company's
outstanding securities pursuant to a tender or exchange offer which the Board of Directors does not recommend the Company's stockholders to accept.

	•
	The
Take-Over Price per share of Common Stock shall be deemed to be equal to the greater of
(a) the Fair Market Value per share of Common Stock on the date of the Hostile Take-Over or (b) the highest reported price per share paid by the tender offeror in effecting
the Hostile Take-Over. However, to the extent the cancelled option is an incentive stock option under the Federal tax laws, the Take-Over Price of the shares subject to the
cancelled option shall not exceed the value per share determined under clause (a) above. 

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EXHIBIT I
    
  NOTICE OF EXERCISE OF STOCK OPTION    
  

        I hereby notify IDEC Pharmaceuticals Corporation (the "Company") that I elect to
purchase                        shares of the Company's Common Stock (the "Purchased
Shares") pursuant to that certain option (the "Option") granted to me on                        , 20    to
purchase up to                        shares of such Common Stock at an option price of
$            per share (the "Option Price"). 

        Concurrently
with the delivery of this Exercise Notice to the Secretary of the Company, I shall pay to the Company the Option Price for the Purchased Shares in accordance with the
provisions of my agreement with the Company evidencing the Option and shall deliver whatever additional documents may be required by such agreement as a condition for exercise. 

	    
 Date	 	    
 Optionee
	

 	
 	

Address:	

    

	

 	
 	

    

	

Print name in exact manner it is to appear on the stock certificate:	
 	

    

	

Address to which certificate is to be sent, if different from address above:	
 	

    

	

 	
 	

    

	

Social Security Number:	
 	

    

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Exhibit 10.30

EXHIBIT A IDEC PHARMACEUTICALS CORPORATION STOCK OPTION AGREEMENT

EXHIBIT I NOTICE OF EXERCISE OF STOCK OPTIONQuickLinks
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Exhibit 10.01    
  

SECOND AMENDMENT  

        THIS SECOND AMENDMENT ("Amendment"), dated as of September 26, 2002 (the "Amendment Date"), is made between (i) INTRADO INC., INTRADO
COMMUNICATIONS INC. and INTRADO COMMUNICATIONS OF VIRGINIA, INC. (individually and collectively, "Borrower"); and (ii) GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation
("Lender"); 

W I T N E S S E T H:  

        WHEREAS, pursuant to a certain Loan and Security Agreement, dated as of July 31, 2001, made between Borrower and Lender (hereinafter, as amended hereby,
called the "Loan Agreement"), Lender agreed to extend credit to Borrower in accordance with, and subject to, the terms and conditions therein contained; and 

        WHEREAS,
Borrower has requested that Lender (a) make a term loan in the amount of Three Million Dollars ($3,000,000) to Borrower under the Loan Agreement and (b) increase
the "Maximum Amount" (as that term is defined in the Loan Agreement) of the revolving credit facility made available by Lender to Borrower under the Loan Agreement from Fifteen Million Dollars
($15,000,000) to Twenty Million Dollars ($20,000,000); and 

        WHEREAS,
subject to the terms and conditions hereof, Lender is willing to make such accommodations to Borrower; 

        NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual covenants and conditions herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which
are hereby mutually acknowledged, Borrower and Lender agree to amend the Loan Agreement as follows: 

        1.    Incorporation
of Definitions. Capitalized terms used hereinbelow, but not expressly redefined hereinbelow, shall have the meanings given to such terms in the Loan
Agreement, as amended hereby. 

        2.    Amendment
to Section 1.1 of the Loan Agreement. Section 1.1 of the Loan Agreement is hereby amended by adding therein the following subsection (f): 

        (f)    Term
Loan. Effective upon satisfaction of the conditions precedent specified in Section 7 of the Second Amendment and the conditions to Loans specified in
Sections 2.2(a), (b) and (c), Lender shall make a term loan to Borrower in the principal amount of Three Million Dollars ($3,000,000) ("Term Loan"). Notwithstanding anything to the
contrary set forth in Section 1.3 of the Credit Agreement, the proceeds of the Term Loan will be used by Borrower to finance the purchase of certain hardware and software relating to Borrower's
expanded Phase II wireless product offering. The Term Loan shall be evidenced by, and be repayable in accordance with the terms of, a certain Term Note, dated as of even date herewith, in the
principal amount of Three Million Dollars ($3,000,000) ("Term Note"), made by Borrower in favor of Lender. The principal amount of the Term Note shall be repaid in consecutive monthly principal
installments in the amount of Eighty Three Thousand Three Hundred Thirty-Three Dollars ($83,333), due and payable on the first day of each month, commencing on November 1, 2002 and continuing
on the first day of each month thereafter through October 1, 2005 on which date the outstanding principal balance of the Term Note shall be due and payable in full. Interest on the Term
Loan shall be payable in the manner provided in Section 1.5. 

 

        3.    Amendments
to Section 1.5 of the Loan Agreement. 

        (a)  Section 1.5
of the Loan Agreement is hereby amended by deleting subsection (a) thereof in its entirety and substituting in lieu thereof the following
revised subsection (a): 

        (a)  Borrower
shall pay interest to Lender on the aggregate outstanding Revolving Credit Advances at a floating rate equal to the Index Rate plus one and one-half
percent (1.5%) per annum (the "Revolving Credit Rate"). Borrower shall pay interest to Lender on the outstanding principal amount of the Term
Loan at a floating rate equal to the Index Rate plus one and one-half percent (1.5%) per annum (the "Term Loan Rate"). All computations of interest, and all calculations of the Letter of
Credit Fee, shall be made by Lender on the basis of a three hundred and sixty (360) day year, in each case for the actual number of days occurring in the period for which such interest
or fee is payable. Each determination by Lender of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. In no event will Lender charge interest at a rate
that exceeds the highest rate of interest permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. 

        (b)  Section 1.5
of the Loan Agreement is hereby further amended by adding the following sentence to subsection (b) thereof: 

Interest
shall be payable on the outstanding principal balance of the Term Loan (i) in arrears for the preceding calendar month on the first day of each calendar month, (ii) on the
maturity date of the Term Loan, and (iii) if any interest accrues or remains payable after the maturity date of the Term Loan, upon demand by Lender. 

        (c)  Section 1.5
of the Loan Agreement is hereby further amended by inserting immediately after the words "the Revolving Credit Rate" in subsection (c) thereof
a comma followed by the words "the Term Loan Rate". 

        4.    Amendments
to Defined Terms. The definitions set forth on Schedule A to the Loan Agreement are hereby amended in the following respects: 

        (a)  The
following definitions are hereby added to Section A: 

"Second
Amendment" shall mean the Second Amendment to Loan and Security Agreement, dated as of September 26, 2002, between Borrower and Lender. 

"Term
Loan" shall have the meaning assigned to it in Section 1.1(f). 

"Term
Loan Rate" shall have the meaning assigned to it in Section 1.5(a). 

"Term
Note" shall have the meaning assigned to it in Section 1.1(f). 

        (b)  The
definition of "Loans" set forth on Schedule A is hereby deleted in its entirety and the following revised definition of "Loans" is hereby substituted in lieu
thereof: 

"Loans"
shall mean, collectively, (a) the Revolving Credit Loan including the Letter of Credit Obligations and (b) the Term Loan. "Loan" shall mean either of such loans, as the context
shall require. 

        (c)  The
definition of "Maximum Amount" set forth on Schedule A to the Loan Agreement is hereby deleted in its entirety and the following revised definition of
"Maximum Amount" is hereby substituted in lieu thereof: 

"Maximum
Amount" shall mean Twenty Million Dollars ($20,000,000). 

2

 

        (d)  The
definition of "Notes" set forth on Schedule A is hereby deleted in its entirety and the following revised definition of "Notes" is hereby substituted in lieu
thereof: 

"Notes"
shall mean, collectively, the Revolving Credit Note and the Term Note. "Note" shall mean either of such notes, as the context shall require. 

        5.    Conditions
Precedent. The amendments set forth herein shall not become effective unless and until (a) Borrower shall have executed and delivered to Lender
(i) a replacement Revolving Credit Note in the form of Exhibit A to this Amendment which from and after the date of this amendment shall be the Revolving Credit Note for
all purposes of the Loan Agreement and (ii) a Term Note in the form of Exhibit B to this Amendment, and (b) Borrower shall have delivered to Lender resolutions of its board of
directors, certified by the Secretary or an assistant Secretary of Borrower to be true, correct and complete authorizing Borrower's execution and delivery of, and performance under this Amendment. 

        6.    Effect
of Amendment. This Amendment shall become effective as of the date of satisfaction of the conditions precedent set forth in Section 7 hereof. Except as set
forth expressly herein, all terms of the Loan Agreement, as amended hereby, and the Loan Documents, shall be and remain in full force and effect and shall constitute the legal, valid, binding and
enforceable obligations of Borrower to Lender. To the extent any terms and conditions in any of the Loan Documents shall contradict or be in conflict with any terms or conditions of the Loan
Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified and amended accordingly to reflect the terms and conditions of the Loan Agreement as modified and
amended hereby. In any event, this Amendment
and the documents executed in connection therewith shall not, individually or collectively, constitute in any way a novation. 

        7.    Inducement
Representations. To induce Lender to enter into this Amendment, Borrower hereby (a) restates and renews each and every representation and warranty
heretofore made by it under, or in connection with the execution and delivery of, the Loan Agreement; (b) restates, ratifies and reaffirms each and every term and condition set forth in the
Loan Agreement, as amended hereby, and in the Loan Documents, effective as of the date hereof; (c) certifies that, as of the date hereof, after giving effect hereto, no Event of Default or
Default exists; (d) acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in its favor as against Lender with respect to the
payment or performance of its Obligations; and (e) releases Lender from any and all liability for any action taken (or omitted to be taken) by Lender in connection with the Loan Agreement or
pursuant thereto through the date of this Amendment. 

        8.    Governing
Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to the principles thereof
regarding conflicts of laws. 

        9.    Costs
and Expenses. Borrower agrees to pay upon request all costs and expenses of Lender in connection with the preparation, execution, delivery and enforcement of this
Amendment and all other Loan Documents executed in connection herewith, the closing hereof, and any other transactions contemplated hereby, including the reasonable fees and
out-of-pocket expenses of Lender's legal counsel. 

        10.  Entire
Agreement. This Amendment constitutes the entire agreement between Borrower and Lender relative to the subject matter hereof, and supersedes and replaces any
understanding or agreement, oral or written, in conflict therewith. 

3

 

        IN
WITNESS WHEREOF, Borrower and Lender have set their hands, effective as of the Amendment Date. 

	

 	
 	
"BORROWER"
	

 	
 	
INTRADO INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Chief Financial Officer and Treasurer
	

 	
 	
INTRADO COMMUNICATIONS INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer
	

 	
 	
INTRADO COMMUNICATIONS OF VIRGINIA INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer
	

 	
 	
"LENDER"
	

 	
 	
GENERAL ELECTRIC CAPITAL CORPORATION
	

 	
 	

By:	
 	

 Name:

Title:

4

EXHIBIT A

REVOLVING CREDIT NOTE  

	$20,000,000	 	September 26, 2002

        For
value received, the receipt and sufficiency of which are hereby acknowledged, the undersigned, jointly and severally ("Borrower"), hereby promises to pay to the order of GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as successor by merger to General Electrical Capital Corporation, a New York corporation ("Lender"), Twenty Million Dollars ($20,000,000) or such
greater or lesser amount as shall be advanced by Lender from time to time, together with interest on the unpaid balance of such amount from the date of the initial Revolving Credit Advance. This
Note is an extension and renewal of that certain Revolving Credit Note, dated as of July 31, 2001, in the principal amount of Fifteen Million Dollars ($15,000,000), made by Borrower in
favor of Lender and, as such, is the Revolving Credit Note issued under the Loan and Security Agreement between Borrower and Lender, dated as of July 31, 2001 (said agreement, as the
same may have been and may be further amended, restated or supplemented from time to time, being herein called the "Agreement"), to which a reference is made for a statement of all of the terms and
conditions of the Loan evidenced hereby. Capitalized terms not defined in this Note shall have the respective meanings assigned to them in the Agreement. This Note is secured by the
Agreement, the other Loan Documents and the Collateral, and is entitled to the benefit of the rights and security provided thereby. 

        Interest
on the outstanding principal balance under this Note is payable at the Revolving Credit Rate, or, under the circumstances contemplated by the Agreement, at the Default
Rate, in immediately available United States Dollars at the time and in the manner specified in the Agreement. The outstanding principal and interest under this Note shall be immediately due
and payable on the Commitment Termination Date. Payments received by Lender shall be applied against principal and interest as provided for in the Agreement. Borrower acknowledges that
(a) Lender is authorized under the Agreement to charge to the Revolving Credit Loan unpaid Obligations of Borrower to Lender, (b) the principal amount of the Revolving Credit Loan will
be increased by such amounts, and (c) the principal, as so increased, will bear interest as provided for herein and in the Agreement. 

        To
the fullest extent permitted by applicable law, Borrower waives: (a) presentment, demand and protest, and notice of presentment, dishonor, intent to accelerate, acceleration,
protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all of the Obligations, the Loan Documents or this Note; (b) all rights to notice and a
hearing prior to Lender's taking possession or control of, or to Lender's replevin, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to
allowing Lender to exercise any of its remedies; and (c) the benefit of all valuation, appraisal and exemption laws. 

        Borrower
acknowledges that this Note is executed as part of a commercial transaction and that the proceeds of this Note will be used solely for the purposes specified in
the Agreement and not for any personal purpose. 

        Upon
the occurrence of any one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be,
immediately due and payable, all as provided therein. 

        Borrower
agrees to pay to Lender all Fees and expenses described in the Agreement. 

 

        BORROWER
ACKNOWLEDGES THAT BORROWER HAS WAIVED THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ON THIS NOTE. THIS NOTE IS GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

	

 	
 	
INTRADO INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Chief Financial Officer and Treasurer
	

 	
 	
INTRADO COMMUNICATIONS INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer
	

 	
 	
INTRADO COMMUNICATIONS OF VIRGINIA INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer

2

EXHIBIT B

TERM NOTE  

	$3,000,000	 	September 26, 2002

        For
value received, the receipt and sufficiency of which are hereby acknowledged, the undersigned, jointly and severally ("Borrower"), hereby promises to pay to the order of GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as successor by merger to General Electric Capital Corporation, a New York corporation ("Lender"), Three Million Dollars ($3,000,000), together
with interest on the unpaid balance of such amount from the date of the funding of the Term Loan. This Note is the Term Note issued under the Loan and Security Agreement between Borrower
and Lender, dated as of July 31, 2001 herewith (said agreement, as the same may have been and may be further amended, restated or supplemented from time to time, being herein called the
"Agreement") to which a reference is made for a statement of all of the terms and conditions of the Loan evidenced hereby. Capitalized terms not defined in this Note shall have the respective
meanings assigned to them in the Agreement. This Note is secured by the Agreement, the other Loan Documents and the Collateral, and is entitled to the benefit of the rights and security
provided thereby. 

        Interest
on the outstanding principal balance under this Note is payable at the Term Loan Rate, or, under the circumstances contemplated by the Agreement, at the Default Rate, in
immediately available United States Dollars at the times and in the manner specified in the Agreement. The outstanding principal under this Note shall be payable at the times and in the manner
provided in the Agreement. Payments received by Lender shall be applied against principal and interest as provided for in the Agreement. 

        To
the fullest extent permitted by applicable law, Borrower waives: (a) presentment, demand and protest, and notice of presentment, dishonor, intent to accelerate, acceleration,
protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all of the
Obligations, the Loan Documents or this Note; (b) all rights to notice and a hearing prior to Lender's taking possession or control of, or to Lender's replevin, attachment or levy upon, the
Collateral or any bond or security that might be required by any court prior to allowing Lender to exercise any of its remedies; and (c) the benefit of all valuation, appraisal and exemption
laws. 

        Borrower
acknowledges that this Note is executed as part of a commercial transaction and that the proceeds of this Note will be used solely for the purposes specified in
the Agreement and not for any personal purpose. 

        Upon
the occurrence of any one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be,
immediately due and payable, all as provided therein. 

        Borrower
agrees to pay to Lender all Fees and expenses described in the Agreement. 

 

        BORROWER
ACKNOWLEDGES THAT BORROWER HAS WAIVED THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ON THIS NOTE. THIS NOTE IS GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

	

 	
 	
INTRADO INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Chief Financial Officer and Treasurer
	

 	
 	
INTRADO COMMUNICATIONS INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer
	

 	
 	
INTRADO COMMUNICATIONS OF VIRGINIA INC.
	

 	
 	

By:	
 	

 Name: Michael D. Dingman, Jr.

Title: Treasurer

2

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Exhibit 10.01

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