Document:

Exhibit 10.10

 

[CONFIDENTIAL TREATMENT
REQUESTED] /*/ INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406
PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

 

 

CONTRACT WORK AUTHORIZATION (Form 1) RELEASE NO. 1

 

for

ENGINEERING AND

CONSTRUCTION MANAGEMENT SERVICES

 

Between

 

ACUSPHERE, INC. (“ACUSPHERE/OWNER”)

 

and

 

PARSONS COMMERCIAL TECHNOLOGY INC. (“PARSONS”)

 

 

All work
authorized by Acusphere and performed by Parsons in accordance with this
Contract Work Authorization shall be governed by the “Terms and Conditions for
Engineering, Procurement and Construction Management Services between
Acusphere, Inc. and Parsons Commercial Technology Group Inc.” (the EPCM),
Effective date July 6, 2004.

 

 

CONTRACT WORK AUTHORIZATION NO. 1

(Form 1)

FOR

ENGINEERING AND CONSTRUCTION MANAGEMENT SERVICES

 

THIS Contract Work
Authorization for the performance of engineering, construction management,
procurement services and placement of subcontracts (where applicable) is
executed November 11, 2004 and made effective retroactively to the 6th day of
July, 2004 between ACUSPHERE, INC., with principal offices at 500 Arsenal Street,
Watertown, Massachusetts 02472 (“Acusphere/Owner”) and PARSONS COMMERCIAL
TECHNOLOGY GROUP INC. (“PARSONS”), with principal offices for this project
located at 150 Federal Street, Boston, Massachusetts 02110.

 

This
Contract Work Authorization, the scope of which is defined below, is intended
to cover engineering, construction management, procurement services and
placement of subcontracts (where applicable) (authorized to date by Acusphere)
to be provided by Parsons for Acusphere from July 6, 2004 through December 10,
2004.

 

IN
CONSIDERATION of the covenants hereinafter set forth, the parties hereto
mutually agree as follows:

 

ARTICLE I            SCOPE
OF SERVICES

 

1.1                                 Description
of Services

 

Parsons shall perform engineering construction
management and other services as required (hereinafter referred to as the “Services”)
in connection with Owner’s aseptic pharmaceutical manufacturing facility
located at 890 East Street, Tewksbury, Massachusetts (the “Facilities”), as
specifically set forth and described in Exhibit 1, which is attached hereto and
made a part hereof.

 

ARTICLE II                                 ESTIMATED COST

 

	
  Previous total estimated cost up through and
  including Contract Work Authorization (Form 1) Number 0

  	
   

  	
  $

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Estimated increase based on Contract Work
  Authorization (Form 1) Number 1

  	
   

  	
  $

  	
  5,559,984.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Revised total estimated cost up through this
  Contract Work Authorization (Form 1) Number 1

  	
   

  	
  $

  	
  5,559,984.00

  	
   

  

 

2

 

ARTICLE III                             TERMS AND CONDITIONS

 

THE
PARTIES ACKNOWLEDGE AND AGREE THE TERMS AND CONDITIONS OF THIS AGREEMENT HAVE
BEEN FREELY, FAIRLY AND THOROUGHLY NEGOTIATED. FURTHER, THE PARTIES ACKNOWLEDGE
AND AGREE SUCH TERMS AND CONDITIONS, INCLUDING BUT NOT LIMITED TO THOSE
RELATING TO WAIVERS, ALLOCATIONS OF, RELEASES FROM, INDEMNITES AGAINST AND
LIMITATIONS OF LIABILITY, WHICH MAY REQUIRE CONSPICUOUS IDENTIFICATION, HAVE
NOT BEEN SO IDENTIFIED BY MUTUAL AGREEMENT AND THE PARTIES HAVE ACTUAL
KNOWLEDGE OF THE INTENT AND EFFECT OF SUCH TERMS AND CONDITIONS. EACH PARTY
ACKNOWLEDGES THAT IN EXECUTING THIS AGREEMENT IT RELIED SOLELY ON ITS OWN
JUDGEMENT, BELIEF, AND KNOWLEDGE, AND SUCH ADVICE AS IT MAY HAVE RECEIVED FROM
ITS OWN COUNSEL, AND IT HAS NOT BEEN INFLUENCED BY ANY REPRESENTATION OR
STATEMENTS MADE BY ANY OTHER PARTY OR SUCH OTHER PARTY’S COUNSEL. NO PROVISION
IN THIS AGREEMENT IS TO BE INTERPRETED FOR OR AGAINST ANY PARTY BECAUSE THAT
PARTY OR ITS COUNSEL DRAFTED SUCH PROVISION.

 

All
services provided by Parsons for Acusphere in Items 1 through 7 above shall be
governed by the terms and conditions of the EPCM in place of the Technical
Services Agreement signed by Process Facilities Inc. and Acusphere, Inc. dated April 12,
2004, which is retroactively superseded and replaced.

 

ARTICLE IV                             SCHEDULE

 

It is
estimated that the work covered by the Contract Work Authorization shall
commence and be completed as noted below:

 

Work
commenced on July 6, 2004 and shall be suspended at the end of the day December 10,
2004 unless a subsequent authorization to continue is received by Parsons from
Acusphere on or prior to December 10, 2004.

 

All other terms and
conditions for the Contract for Engineering, Procurement and Construction
Management Services, as previously amended by Contract Work Authorization
Numbers 0 through 0 remain unchanged.

 

3

 

IN WITNESS WHEREOF, the
parties hereto have executed this contract, document as of the date and year
first above written.

 

	
  ACUSPHERE, INC. (“ACUSPHERE”)

  	
   

  	
  PARSONS COMMERCIAL TECHNOLOGY 

  GROUP INC. (“PARSONS”)

  
	
   

  	
   

  	
   

  
	
  /s/ Sherri C. Oberg

  	
   

  	
   

  	
  /s/ Daniel Mariani

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By: Sherri C. Oberg

  	
   

  	
   

  	
  By: Daniel Mariani

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title: President and CEO

  	
   

  	
   

  	
  Title: Senior VP

  	
   

  

 

4

 

EXHIBIT 1
to Contract Work Authorization Number 1

 

Committed

Subcontractors/Engineering, Construction
Management, Procurement Services and Subcontracts

Through December 10, 2004

 

1.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

2.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

3.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

4.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

5.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

6.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

7.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

 

	
  Total approved
  funding for Items 1 thru 7

  	
  =

  	
  $5,559,984.00

  

 

The terms and conditions
for All services provided by Parsons for Acusphere in Items 1 thru 6 above, as
previously governed by the Terms and Conditions for Engineering, Procurement
and Construction Management Services in place of the Technical Services Agreement
signed by Process Facilities Inc. and Acusphere, Inc. dated April 12,
2004, are retroactively superceded and replaced by the EPMC Terms and
Conditions which are incorporated herein by reference.

 

All services provided by
Parsons for Acusphere in Items 1 through 7 above shall be governed by the terms
and conditions of the EPCM in place of the Technical Services Agreement signed
by Process Facilities Inc. and Acusphere, Inc. dated April 12, 2004, which
is retroactively superceded and replaced.

 

5Exhibit 10.11

 

[CONFIDENTIAL TREATMENT
REQUESTED] /*/ INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406
PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

 

 

CONTRACT WORK AUTHORIZATION (Form 2) NO. 1

 

for

AGENCY PROCUREMENTS

Between

 

ACUSPHERE, INC. (“ACUSPHERE/OWNER”)

 

and

 

PARSONS COMMERCIAL TECHNOLOGY INC. (“PARSONS”)

 

 

All work
authorized by Acusphere and performed by Parsons in accordance with this
Contract Work Authorization shall be governed by the “Terms and Conditions for
Engineering, Procurement and Construction Management Services between
Acusphere, Inc. and Parsons Commercial Technology Group Inc.” (the EPCM),
Effective date July 2, 2004.

 

 

CONTRACT WORK AUTHORIZATION NO. 1

(Form 2)

 FOR

AGENCY PROCUREMENTS

 

THIS
Contract Work Authorization for the placement of agency procurements is
executed November          ,
2004 and made effective retroactively to the 6th day of July, 2004 between
ACUSPHERE, INC., with principal offices at 500 Arsenal Street, Watertown,
Massachusetts 02472 (“Acusphere/Owner”) and PARSONS COMMERCIAL TECHNOLOGY GROUP
INC. (“PARSONS”), with principal offices for this project located at 150
Federal Street, Boston, Massachusetts 02110.

 

This Contract Work
Authorization, the scope of which is defined below, is intended to cover agency
procurements by Parsons for Acusphere from July 6, 2004 through December 10,
2004.

 

It is understood and
agreed that this Contract Work Authorization for procurements (Form 2) shall
only be used to cover the actual approved cost of purchase orders and other
forms of awards Parsons places with outside vendors/contractors/ leasing
companies, etc. as an Agent for Acusphere.

 

The time charged by
Parsons for agency procurement services shall be authorized by a Contract Work
Authorization form for “Engineering and Construction Management Services” (Form
1).

 

It is also understood and
agreed that the Contract Work Authorization forms for “Engineering and
Construction Management Services” (Form 1) shall be used to cover the actual
approved cost of subcontracts placed with outside subcontractors on a
non-agency basis by Parsons, as well as the time charged by Parsons for its
subcontracting activities.

 

IN
CONSIDERATION of the covenants hereinafter set forth, the parties hereto
mutually agree as follows:

 

ARTICLE I            SCOPE OF SERVICES

 

1.1                                 Description
of Services

 

Parsons shall, as an agent to Acusphere,  procure required equipment (hereinafter
referred to as the “agency procurements “) in connection with Owner’s aseptic
pharmaceutical manufacturing facility located at 890 East Street, Tewksbury,
Massachusetts (the “Facilities”) as specifically set forth and described in
Exhibit 1, which is attached hereto and made a part hereof

 

2

 

ARTICLE II                                 ESTIMATED COST OF
AGENCY PROCUREMENTS

 

	
  Previous total estimated cost up through and
  including Contract Work Authorization (Form 2) Number 0

  	
   

  	
  $

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Estimated increase based on Contract Work
  Authorization (Form 2) Number 1

  	
   

  	
  $

  	
  3,928,787.44

  	
   

  
	
  Note: The amounts shown on Authorization No. 1 for
  Agency Purchase Orders shall be paid by Acusphere to vendors directly and will
  not flow thru Parsons books. This amount includes Agency Purchase Orders
  issued, under prior purchase authorization, after July 6, 2004 but
  before the execution date of this Contract Work Authorization (Form 2) Number
  1. Such Agency Purchase Orders are described in Exhibit 1 hereto.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Revised total estimated cost up through this
  Contract Work Authorization (Form 2) Number 1

  	
   

  	
  $

  	
  3,928,787.44

  	
   

  

 

ARTICLE III                             TERMS AND CONDITIONS

 

THE
PARTIES ACKNOWLEDGE AND AGREE THE TERMS AND CONDITIONS OF THIS AGREEMENT HAVE
BEEN FREELY, FAIRLY AND THOROUGHLY NEGOTIATED. FURTHER, THE PARTIES ACKNOWLEDGE
AND AGREE SUCH TERMS AND CONDITIONS, INCLUDING BUT NOT LIMITED TO THOSE
RELATING TO WAIVERS, ALLOCATIONS OF, RELEASES FROM, INDEMNITES AGAINST AND
LIMITATIONS OF LIABILITY, WHICH MAY REQUIRE CONSPICUOUS IDENTIFICATION, HAVE
NOT BEEN SO IDENTIFIED BY MUTUAL AGREEMENT AND THE PARTIES HAVE ACTUAL
KNOWLEDGE OF THE INTENT AND EFFECT OF SUCH TERMS AND CONDITIONS. EACH PARTY
ACKNOWLEDGES THAT IN EXECUTING THIS AGREEMENT IT RELIED SOLELY ON ITS OWN
JUDGEMENT, BELIEF, AND KNOWLEDGE, AND SUCH ADVICE AS IT MAY HAVE RECEIVED FROM
ITS OWN COUNSEL, AND IT HAS NOT BEEN INFLUENCED BY ANY REPRESENTATION OR
STATEMENTS MADE BY ANY OTHER PARTY OR SUCH OTHER PARTY’S COUNSEL. NO PROVISION IN
THIS AGREEMENT IS TO BE INTERPRETED FOR OR AGAINST ANY PARTY BECAUSE THAT PARTY
OR ITS COUNSEL DRAFTED SUCH PROVISION.

 

  All services provided by Parsons for
Acusphere in Items 1 through 7 above shall be governed by the terms and
conditions of the EPCM in place of the Technical Services Agreement signed by
Process Facilities Inc. and Acusphere, Inc. dated April 12, 2004, which is
retroactively superseded and replaced.

 

3

 

ARTICLE IV                             SCHEDULE

 

It is
estimated that the agency procurements covered by this Contract Work Release
shall be scheduled for delivery as noted on the agency purchase orders and
other forms of agency agreements.

 

All other terms and
conditions for the Contract for Engineering, Procurement and Construction
Manager Services, as previously amended by Contract Work Authorization Numbers
0 through 0 remain unchanged.

 

IN WITNESS WHEREOF, the
parties hereto have executed this Contract Work Authorization, document as of
the date and year first above written.

 

 

	
  ACUSPHERE, INC. (“ACUSPHERE”)

  	
   

  	
  PARSONS COMMERCIAL TECHNOLOGY 

  GROUP INC. (“PARSONS”)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title

  	
   

  	
   

  	
  Title

  	
   

  

 

4

 

EXHIBIT 1

 

Targeted Equipment Commitments

through December 10, 2004

 

A.                                   Purchase
Orders placed, Item, Vendor and P.O. number:

 

1.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

2.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

3.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

4.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

5.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

6.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

7.                                       [CONFIDENTIAL
TREATMENT REQUESTED] /*/

 

 

A.                                   Total
approved funding for Items 1 thru 7 above = $1,561,787.44

 

Remaining projected
purchase order commitments scheduled through December 10, 2004 taken from
the schedule entitled Estimated Commitments Equipment Through December 10,
2004, Revision 2, dated October 27, 2004.

 

	
  Description

  	
   

  	
  Spec. 

  Number

  	
   

  	
  Amount

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [CONFIDENTIAL TREATMENT REQUESTED] /*/

  	
   

  	
  [CONFIDENTIAL TREATMENT REQUESTED] /*/

  	
   

  	
  [CONFIDENTIAL TREATMENT REQUESTED] /*/

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  B.

  	
  PROJECTED TOTALS

  	
   

  	
   

  	
   

  	
  $

  	
  2,367,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Subtotal Item A

  	
  =

  	
  $

  	
  1,561,787.44

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Subtotal Item B

  	
  =

  	
  $

  	
  2,367,000.00

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total Estimated Value A & B

  	
  =

  	
  $

  	
  3,928,787.44

  	
   

  	
   

  	
   

  	
   

  	
   

  
										

 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]