Document:

ex_194290.htm

Exhibit 10.1

 

 

 

**Information contained in portions of this Exhibit has been redacted because the Company has determined that such information (i) is not material and (ii) would likely cause competitive harm to the Company if it were to be publicly disclosed. Information redacted from this Exhibit has been marked by the following [**].

 

MANUFACTURING AND SUPPLY AMENDING AGREEMENT #2

 

This AMENDING AGREEMENT #2 (“Amendment #2”) is effective as of July 13, 2020 (“Amendment Effective Date”) and is made between CBR Systems, Inc., a Delaware corporation having its principal place of business at 11915 La Grange Ave., Los Angeles, CA 90025 (“CBR”) and ThermoGenesis Holdings, Inc., having its principal place of business at 2711 Citrus Road, Rancho Cordova, CA 95742 (“Thermo”) (together referred to as the “Parties”)

 

WHEREAS ThermoGenesis Corp. (then a wholly owned subsidiary of Cesca Therapeutics, Inc. (“Cesca”)) and CBR entered into a Manufacturing and Supply Agreement (the “Original Agreement”) dated as of May 15, 2017 and a Manufacturing and Supply Amending Agreement #1 (“Amendment #1”) dated as of March 16, 2020. The Original Agreement and Amendment #1 shall be referred to hereinafter collectively as the “First Amended Agreement.”

 

WHEREAS, in connection with the Original Agreement, CBR, ThermoGenesis Corp. and Cesca entered into the Sixth Amended and Restated Technology License and Escrow Agreement (attached as Exhibit F of the Original Agreement), as amended by Amendment #1 (collectively, the “Escrow Agreement”).

 

WHEREAS, Cesca has changed its name to ThermoGenesis Holdings, Inc. and the Parties wish to clarify the entity that holds all rights and obligations under the Agreement (as defined herein).

 

WHEREAS the Parties wish to amend the First Amended Agreement to revise the amount of certain products to be purchased, pricing of those products, safety stock requirements and the event or condition that will constitute a Default as that term is defined under the Escrow Agreement.

 

NOW THEREFORE, in consideration of the promises, covenants and agreements set out herein and intending to be legally bound, the Parties hereto agree as follows:

 

	
			1.

				
			The Parties acknowledge that the First Amended Agreement and this Amendment #2 cumulatively represent the entire Agreement between the Parties (the “Agreement”).

			

 

	
			2.

				
			The Agreement shall remain in full force and effect except for those changes made herein and all capitalized terms not defined herein shall have the same meaning ascribed to them in the First Amended Agreement.

			

 

	
			3.

				
			ThermoGenesis Corp. shall be replaced by, and shall assign all its rights and obligations under the Agreement to, Thermo, which for purposes of clarification, shall include all rights and obligations under the Escrow Agreement.

			

 

	
			4.

				
			The quarterly forecasts for CBR purchases of Disposables as required under Section 2.3 of the Agreement are hereby revised. The revised forecasts will take effect immediately and will thus result in reduced purchases of Disposables in the current quarter. CBR shall have no obligations with respect to any previously provided forecast. The purchases for the Disposables (Part No. 8-5101) are as set forth on Schedule 1 attached hereto and incorporated herein by this reference (“Revised Forecasts”).

			

 

	
			5.

				
			Section 2.9 of the Agreement, Safety Stock, shall be deleted in its entirety. Section 1.1.2 (which includes Sections 1.1.2.1 and 1.1.2.2) in Amendment #1, which had amended Section 2.9 of the Agreement, shall also be deleted in its entirety. For purposes of clarification, there is no longer a Safety Stock requirement in connection with the Agreement.

			

 

	
			6.

				
			Exhibit C is hereby amended to change the pricing of Part No. 8-5101 and is replaced in its entirety with the new Exhibit C-2 attached hereto and incorporated herein by this reference.

			

 

 

 

 

	
			7.

				
			Section 5(b)(i) of the Escrow Agreement is hereby amended and replaced by the following: “Thermo’s cash balance and short-term investments net of non-convertible debt and borrowed funds that are payable within one (1) year is less than One Million Dollars ($1,000,000) at any month end unless Thermo cures such default within thirty (30) days of the end of such month; or”

			

 

 

 

IN WITNESS WHEREOF, the undersigned have duly executed this Amending Agreement #2 to the Agreement as of the Amendment Effective Date.

 

 

 

	
			Cbr Systems, Inc.

				 	
			Thermogenesis Corp.

			
	 	 	 	 	 
	
			By:

				
			/s/ Peter Bawin

				 	
			By:

				
			/s/ Mindy Wilke-Douglas

			
	
			Name:

				
			Peter Bawin

				 	
			Name:

				
			Mindy Wilke-Douglas

			
	
			Title:

				
			EVP

				 	
			Title:

				
			VP Operations

			

 

 

	
			Thermogenesis Holdings Inc.

			
	 	 
	
			By: /s/ Jeff Cauble

				 
	
			Name: Jeff Cauble

				 
	
			Title: CFO

				 

 

 

 

 

SCHEDULE 1 – Revised Forecasts

 

Bag Sets refer to sets of Part No. 8-5101

 

2020 Qtr 2 – [**] Bag Sets

 

2020 Qtr 3 – [**] Bag Sets

 

2020 Qtr 4 – *[**] Bag Sets

 

2021 Qtr 1 – **[**] Bag Sets

 

*Subject to +/- 50% Change upon Quarterly reforecast

** Subject to Change upon Quarterly reforecast

 

 

 

 

Exhibit C-2 – Pricing

 

	
			Thermo Part Number

				
			Description

				
			Price/each

				
			Price/Box 

			
	
			Disposable Products

				
			 

				
			 

				
			 

			
	
			8-5101

				
			Processing Bag Set

			Box of 24 each

				
			$[**]

				
			$[**] 

			
	
			8-5110

				
			QC Bag Set/Disposable Box of 10

				
			$[**]

				
			$[**] 

			
	
			8-5124

				
			Freezing/Processing Bag Labels

				
			 

				
			$[**] 

			
	
			8-5121

				
			Label Barcode LN2 Canister

				
			 

				
			$[**] 

			
	
			Non-Disposables Product

				
			 

				
			 

				
			 

			
	
			8-5100

				
			Start-Up Kit

			- Counterweight (1)

			- Wireless Bar Code Scanner (1)

			- Device Stand (1)

			- Weight Set (1)

			- Xpress tRAK Software (1)

			- Operators Manual (1)

			- Component Retaining Clip Set (1)

				
			$[**]

				
			$[**] 

			
	
			80056

				
			AXP II Device

				
			$[**]

				
			$[**] 

			
	
			80055

				
			AXP II Docking Station

				
			$[**]

				
			$[**] 

			
	
			8-5104

				
			Counter Weight

				
			$[**]

				
			$[**] 

			
	
			8-5109

				
			Weight Kit

				
			 

				
			$[**] 

			
	
			7-00-186

				
			Weight Compensation Cap

				
			$[**]

				
			$[**] 

			
	
			8-5108

				
			Device Stand

				
			$[**]

				
			$[**] 

			
	
			8-5120

				
			ABC Switch Box

				
			$[**]

				
			$[**] 

			
	
			8-5114

				
			Adapter, Sorvall 11754/11297 Buckets (Pk of 2)

				
			$[**]

				
			$[**] 

			
	
			8-5155

				
			Sorvall 11754 Bucket Pads (Pack of 2)

				
			$[**]

				
			$[**] 

			
	
			8-5106

				
			Wireless Barcode Scanner

				
			$[**]

				
			$[**] 

			
	
			1-03-049

				
			Print Station Barcode Label

				
			$[**]

				
			$[**] 

			
	
			710015

				
			Battery Replacement Kit

				
			$[**]

				
			$[**] 

			
	
			8-5148

				
			Component Retaining Clip Set

				
			 

				
			$[**] 

			
	
			7-00-328

				
			Assembly, Carrier, Freezing Bag, AXP, I. M.

				
			$[**]

				
			$[**] 

			
	
			7-00-213

				
			XpressTRAK Software Upgrade

				
			$[**]

				
			$[**] 

			
	
			N/A

				
			AXP Device Annual Service per unit

				
			$[**]

				
			 

			
	
			N/A

				
			AXP Docking Station Annual Service per unit

				
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  Exhibit 4.5    
    

 
 

  NIKOLA CORPORATION    
    

 
    AMENDMENT NO. 1
  TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT    
    

        THIS
AMENDMENT NO. 1 TO THE REGISTRATION RIGHTS AND LOCK-UP AGREEMENT (this "Amendment") is entered into as of July 17, 2020. This
Amendment amends that certain Registration Rights and Lock-up Agreement, dated as of June 3, 2020, by and among Nikola Corporation, a Delaware corporation (the
"Company"), and the Holders named therein (the "Agreement"). Capitalized terms used but not defined
herein shall have the respective meanings ascribed to such terms in the Agreement. 

 
 

  RECITALS    
    

        WHEREAS, pursuant to Section 6.5 of the Agreement, any term of the Agreement may be amended or modified, and any provision thereof may be
waived, in whole or in part, at any time pursuant to an agreement in writing executed by the Company and Holders holding a majority of the Registrable Securities at such time (the
"Requisite Consent"); 

        WHEREAS,
the Company and the undersigned Holders who constitute the Requisite Consent desire to amend the Agreement as set forth herein. 

 
 

  AGREEMENT    
    

        NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained in this Amendment, the parties, intending to
be legally bound, agree as follows: 

        1.    Amendment.    

        1.1   Section 5.1.3
of the Agreement shall be amended and restated in its entirety to read as follows: 

"5.1.3
Except as permitted by Section 5.2, the Founder Entities shall not Transfer any shares of Common Stock beneficially owned or owned of record by such Founder Entity until
December 1, 2020 (the "Founder Lock-up Period"); provided that, prior to December 1, 2020, each Founder Entity may Transfer up to sixteen
percent (16%) of the shares of Common Stock held by such Founder Entity (the "Founder Cap") as of the date hereof only to the extent necessary to enable
such shares of Common Stock to be pledged as security or collateral in connection with indebtedness incurred by a Founder Entity solely for the purpose of purchasing additional shares of Common Stock;
and provider further
that, each Founder Entity may Transfer shares of Common Stock in excess of the Founder Cap solely for the purposes of repaying indebtedness incurred by such Founder Entity solely to purchase shares of
Common Stock secured by shares of Common Stock as permitted in the preceding proviso that cannot be satisfied with the pledged shares of Common Stock (but only if such repayment of indebtedness is
made on the maturity of such indebtedness, to satisfy a margin call by the lender or if otherwise required by the lender thereof)." 

        1.2   Section 5.2.11
of the Agreement shall be amended and restated in its entirety to read as follows: 

5.2.11
"the Founder Entities may collectively Transfer up to $70,000,000 of Common Stock in connection with the Closing." 

1

 

        2    Effective Date.    By execution of this Amendment, the Company and the undersigned Holders hereby agree that the
provisions set forth in the Agreement are hereby amended as set forth herein effective as of the date hereof. 

        3    Force and Effect; References.    Except as set forth in this Amendment, the Agreement shall remain in full force
and effect. Each reference in the Agreement to "this Agreement" shall be interpreted to mean "this Agreement, as amended." 

        4    Governing Law.    This Amendment shall be governed by, and construed in accordance with, the laws of the State of
Delaware applicable to contracts executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the Delaware Chancery Court, then any such legal action may be brought in any federal court located in the State
of Delaware or any other Delaware state court.. 

        5    Counterparts.    This Amendment may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. This Amendment may be executed and delivered by facsimile signature, PDF or any electronic signature complying with
the U.S. federal ESIGN Act of 2000 (e.g., www.docusign.com) and upon such delivery the facsimile signature, PDF or electronic signature will be deemed to have the same effect as if the original
signature had been delivered to the other party. 

[Signature Page Follows] 

2

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 COMPANY
	

 	
 	
NIKOLA CORPORATION
	

 	
 	
By:	
 	
/s/ Mark A. Russell

 
	 	 	 	 	Name:	 	Mark A. Russell
	 	 	 	 	Title:	 	 President & Chief Executive Officer
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Green Nikola Holdings LLC
	

 	
 	
By:	
 	
/s/ Haeyang Lee

 
	 	 	 	 	Name:	 	Haeyang Lee
	 	 	 	 	Title:	 	 President
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Iveco S.p.A.
	

 	
 	
By:	
 	
/s/ Gerrit Marx

 
	 	 	 	 	Name:	 	Gerrit Marx
	 	 	 	 	Title:	 	 President, Commercial & Specialty Vehicles
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Legend Capital Partners
	

 	
 	
By:	
 	
/s/ DeWitt C. Thompson, V

 
	 	 	 	 	Name:	 	DeWitt C. Thompson, V
	 	 	 	 	Title:	 	 President
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: M&M Residual LLC
	

 	
 	
By:	
 	
/s/ Trevor Milton

 
	 	 	 	 	Name:	 	Trevor Milton
	 	 	 	 	Title:	 	 CEO
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Stephen J. Girsky
	

 	
 	
By:	
 	
/s/ Stephen Girsky

 
	 	 	 	 	Name:	 	Steve Girsky
	 	 	 	 	Title:	 	 Personal
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: T&M Residual, LLC
	

 	
 	
By:	
 	
/s/ Mark Russell

 
	 	 	 	 	Name:	 	Mark Russell
	 	 	 	 	Title:	 	 Manager
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Thompson Nikola II LLC
	

 	
 	
By:	
 	
/s/ DeWitt C. Thompson, V

 
	 	 	 	 	Name:	 	DeWitt C. Thompson, V
	 	 	 	 	Title:	 	 President
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

        IN
WITNESS THEREOF, the parties have executed this Amendment to Registration Rights and Lock-Up Agreement as of the date first written above. 

 

 
 

							
	 	 	 HOLDER:
	

 	
 	
Name: Thompson Nikola LLC
	

 	
 	
By:	
 	
/s/ DeWitt C. Thompson, V

 
	 	 	 	 	Name:	 	DeWitt C. Thompson, V
	 	 	 	 	Title:	 	 President
	

 	
 	
Address:

 

   

   

 NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

QuickLinks

Exhibit 4.5

NIKOLA CORPORATION

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

RECITALS

AGREEMENT

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