Document:

exv10w3

 

Exhibit 10.3

Contract # ____________

SERVICE AGREEMENT

between

TRANSCONTINENTAL GAS PIPE LINE CORPORATION

and

WASHINGTON GAS LIGHT COMPANY

 

 

SERVICE AGREEMENT

     THIS
AGREEMENT entered into this 16th day of May, 2007, by and between
TRANSCONTINENTAL GAS PIPE LINE CORPORATION, a Delaware corporation, hereinafter referred to as
“Seller,” first party, and WASHINGTON GAS LIGHT COMPANY, hereinafter referred to as “Buyer,” second
party.

W  I  T  N  E  S  S  E  T  H

     WHEREAS, by order issued April 12, 2007, in Docket No. CPO6-421, the Federal Energy Regulatory
Commission (“FERC”) has authorized Seller’s Potomac Expansion Project (referred to as “Potomac”);
and

     WHEREAS, Potomac will add 165,000 Dt per day of incremental firm transportation
capacity by a proposed in-service date of November I, 2007; and

     WHEREAS, Buyer has requested firm transportation service under Potomac and has executed with
Seller a Precedent Agreement, dated September 28, 2005; and

     WHEREAS, Seller is willing to provide the requested firm transportation for Buyer
under Potomac pursuant to the terms of this Service Agreement and the
Precedent Agreement.

     NOW, THEREFORE, Seller and Buyer agree as follows:

ARTICLE I

GAS TRANSPORTATION SERVICE

     1.     Subject to the terms and provisions of this agreement and of Seller’s Rate Schedule FT,
Buyer agrees to deliver or cause to be delivered to Seller gas for transportation and Seller agrees
to receive, transport and redeliver natural gas to Buyer or for the account of Buyer, on a firm
basis, up to a Transportation Contract Quantity (“TCQ”) of 100,000 dt per day.

     2.     Transportation service rendered hereunder shall not be subject to curtailment or
interruption except as provided in Section 11 and, if applicable, Section 42 of the General Terms
and Conditions of Seller’s FERC Gas Tariff:

ARTICLE II

POINT(S) OF RECEIPT

     Buyer shall deliver or cause to be delivered gas at the point(s) of receipt hereunder at a
pressure sufficient to allow the gas to enter Seller’s pipeline system at the varying pressures
that may exist in such system from time to time; provided, however, the pressure of the gas
delivered or caused to be delivered by Buyer shall not exceed the maximum operating pressure(s) of
Seller’s pipeline system at such point(s) of receipt in the event the maximum operating pressure(s)
of Seller’s pipeline system, at the point(s) of receipt hereunder, is from time to time increased
or decreased, then the maximum allowable pressure(s) of the gas delivered or caused to be delivered by Buyer to Seller at the point(s) of receipt shall
be correspondingly increased or decreased upon written notification of Seller to Buyer. The
point(s) of receipt for natural gas received for transportation pursuant to this agreement
shall be:

 

 

SERVICE AGREEMENT

(Continued)

     See Exhibit A, attached hereto, for points of receipt.

ARTICLE III

POINT(S) OF DELIVERY

     Seller shall redeliver to Buyer or for the account of Buyer the gas transported hereunder at
the following point(s) of delivery and at a pressure(s) of:

     See
Exhibit B, attached hereto, for points of delivery and pressures.

ARTICLE IV

TERM OF AGREEMENT

     This agreement shall be effective as of the later of November 1, 2007 or the date that all
Seller’s Potomac facilities necessary to provide firm transportation service to Buyer have been
constructed and are ready for service as determined in Seller’s sole opinion and shall remain in
force and effect for a primary term of twenty (20) years and thereafter until terminated by Seller
or Buyer upon at least two (2) years written notice; provided, however, this agreement shall
terminate immediately and, subject to the receipt of necessary authorizations, if any, Seller may
discontinue service hereunder if (a) Buyer, in Seller’s reasonable judgment fails to demonstrate
creditworthiness, and (b) Buyer fails to provide adequate security in accordance with Section 32 of
the General Terms and Conditions of Seller’s Volume No. 1 Tariff. As set forth in Section 8 of
Article II of Seller’s August 7, 1989 revised
Stipulation and Agreement in Docket Nos. RP88-68 et. al., (a) pregranted abandonment under Section 284.221(d) of the Commission’s Regulations shall not
apply to any long term conversions from firm sales service to transportation service under Seller’s
Rate Schedule FT and (b) Seller shall not exercise its right to terminate this service agreement as
it applies to transportation service resulting from conversions from firm sales service so long as
Buyer is willing to pay rates no less favorable than Seller is otherwise able to collect from third
parties for such service.

ARTICLE V

RATE SCHEDULE AND PRICE

     1.     Buyer shall pay Seller for natural gas delivered to Buyer hereunder in accordance with
Seller’s Rate Schedule FT and the applicable provisions of the General Terms and Conditions of
Seller’s FERC Gas Tariff as filed with the Federal Energy Regulatory Commission, and as the same
may be legally amended or superseded from lime to time. Such Rate Schedule and General Terms and
Conditions are by this reference made a part hereof. In the event Buyer and Seller mutually agree
to a negotiated rate pursuant to the provisions in Section 53 of the
General Terms and Conditions and specified term for service hereunder, provisions governing such negotiated rate
(including surcharges) and term shall be set forth on Exhibit C to the service agreement.

 

 

SERVICE AGREEMENT

(Continued)

     2.     Seller and Buyer agree that the quantity of gas that Buyer delivers or causes to be
delivered to Seller shall include the quantity of gas retained by Seller for applicable compressor
fuel, line loss make-up (and injection fuel under Seller’s Rate Schedule GSS, if applicable) in
providing the transportation service hereunder, which quantity may be changed from time to time and
which will be specified in the currently effective Sheet No. 44 of Volume No. I of this Tariff
which relates to service under this agreement and which is incorporated herein.

     3.      In addition to the applicable charges for firm transportation service pursuant to Section 3
of Seller’s Rate Schedule FT, Buyer shall reimburse Seller for any and all filing fees incurred as
a result of Buyer’s request for service under Seller’s Rate
Schedule FT, to the extent such fees
are imposed upon Seller by the Federal Energy Regulatory Commission or any successor governmental
authority having jurisdiction.

ARTICLE
VI

MISCELLANEOUS

     1.     This
Agreement supersedes and cancels as of the effective date hereof the following
contract(s) between the parties hereto:

     None

     2.     No waiver by either party of any one or more defaults by the other in the performance of
any provisions of this agreement shall operate or be construed as a waiver of any future default or
defaults, whether of a like or different character.

     3.     The interpretation and performance of this agreement shall be in accordance with the laws
of the State of Texas, without recourse to the law governing conflict of laws, and to all present
and future valid laws with respect to the subject matter, including present and future orders,
rules and regulations of duly constituted authorities.

     4.     This agreement shall be binding upon, and inure to the benefit of the parties hereto and
their respective successors and assigns.

     5.     Notices to either party shall be in writing and shall be considered as duly delivered when
mailed to the other party at the following address:

	 	(a)	 	If to Seller:
	 
	 	 	 	Transcontinental Gas Pipe Line Corporation
	 
	 	 	 	P.O. Box 1396
	 
	 	 	 	Houston, Texas 77251
	 
	 	 	 	Attention: Director — Customer Services

 

 

SERVICE AGREEMENT

(Continued)

	 	(b)	 	If to Buyer:

Washington Gas Light Company

6801 Industrial Road

Springfield, VA 22151

Attention: Ken Yagelski, Director, Energy Acquisition

Such addresses may be changed from time to time by mailing appropriate notice thereof to the other
party by certified or registered mail.

     IN WITNESS WHEREOF, the parties hereto have caused this agreement to be signed by their
respective officers or representatives thereunto duly authorized.

	 	 	 	 	 
	 	TRANSCONTINENTAL GAS PIPE LINE

CORPORATION

(Seller)

 	 
	 	By:  	/s/ Paul F. Egner III	 
	 	 	Paul F. Egner III      	 
	 	 	Director Customer Services 	 
	 
	 	WASHINGTON GAS LIGHT COMPANY

(Buyer)

 	 
	 	By:  	/s/ Terry D. McCallister	 
	 	 	Name:  	Terry D. McCallister 	 
	 	 	Title:  	PRESIDENT& COO 	 

 

 

	 	 	 	 	 

EXHIBIT A

ATTACHED AND MADE PART OF THAT SERVICE AGREEMENT BY AND BETWEEN
TRANSCONTINENTAL GAS PIPE LINE CORPORATION, AS SELLER, AND WASHINGTON GAS
LIGHT COMPANY, AS BUYER, EFFECTIVE___

	 	 	 	 	 
	 	 	Maximum Daily Quantity
	Point (s) of Receipt	 	at
each Receipt Pt. (Dt/d)1
	Point
of interconnection between Transco’s

mainline and East Tennessee Natural Gas

(Cascade Creek) at milepost 1384.86 in

Rockingham County, NC.

	 	 	80,000	 
	 	 	 	 	 	 
	Point of interconnection between Pine Needle LNG

Facility and Transco’s mainline at milepost 1356.95

on Transco’s mainline in Guilford County, NC.

	 	 	20,000	 

 

			
	1	 	These quantities do not include the additional quantities of gas retained by seller for
applicable compressor fuel and line loss make~up provided for in Article V, 2 of the Service
Agreement, which are subject to change as provided for in
Article V, 2 thereof. Therefore, Buyer
shall also deliver or cause to be delivered at the receipt points such additional quantities of gas
in kind to be retained by Seller for compressor fuel and line loss make-up.

 

 

EXHIBIT B

ATTACHED AND MADE PART OF THAT SERVICE AGREEMENT BY AND BETWEEN
TRANSCONTINENTAL GAS PIPE LINE CORPORATION, AS SELLER, AND WASHINGTON GAS
LIGHT COMPANY, AS BUYER, EFFECTIVE___

	 	 	 
	Point (s) of Delivery	 	Pressure
	Rock
Creek Meter Station, located at milepost

1614.31 on Seller’s mainline in Montgomery

County, Maryland.

	 	Prevailing pressures in Seller’s pipeline
system.

 

 

EXHIBIT C

ATTACHED AND MADE PART OF THAT SERVICE AGREEMENT BY AND BETWEEN
TRANSCONTINENTAL GAS PIPE LINE CORPORATION, AS SELLER, AND COLUMBIA GAS OF
VIRGINIA, INC. AS BUYER, EFFECTIVE May 16, 2007

Specification of Negotiated Rate and Term

Noneexv10w46

 

Exhibit 10.46

	 	 	 
	 

	 	Oppenheimer & Co. Inc.
	 

	 	125 Broad Street
	 

	 	16th Floor
	 

	 	New York, NY 10014
	 
	 	 
	 

	 	Member of All Principal Exchanges

August 3, 2006

Confidential

Ms. Gail S. Page

Chief Executive Officer

Ciphergen Biosystems, Inc.

6611 Dumbarton Circle

Fremont, CA 94555

Dear Gail:

          This letter is our agreement (the “Agreement”) whereby Ciphergen Biosystems, Inc. (the
“Company”), has requested Oppenheimer & Co. Inc. (“Oppenheimer”) to assist the Company on an
exclusive basis as a financial advisor for the Recapitalization (as defined below) until December
31, 2006 (the “Outside Date”), provided that in the event that the execution of definitive
agreements between the Company and the debt holders providing for the Recapitalization, as defined
below (the “Signing”) occurs prior to the Outside Date and the Closing (as defined below) occurs
prior to March 31, 2007, the Company shall pay Oppenheimer the Closing Fee (as defined below).
Oppenheimer will advise the Company on potential recapitalization alternatives and assist the
Company in negotiations with the holders of approximately $30,000,000 of Convertible Promissory
Notes (the “Notes”) to significantly extend the due date of all Notes, provide for the conversion
of all Notes into equity or otherwise restructure the Notes on such terms as are acceptable to the
Company (the “Recapitalization”). Oppenheimer has agreed to render such services on the terms and
conditions set forth herein.

	1.	 	Oppenheimer’s financial advisory services for the Recapitalization shall include: analyzing
the current financial condition of the Company, discussing recapitalization alternatives,
recommending the appropriate plan for the Company, negotiating with the debt holders and other
matters relating to the Agreement as may be reasonably requested by the Company. In addition,
Oppenheimer will assist, to the degree necessary, the Company in completing the planned
divestiture of its tools business (the “Divestiture”).
	 
	2.	 	In consideration for the services rendered by Oppenheimer to the Company pursuant to this
Agreement, the Company shall agree to compensate Oppenheimer as follows:

	 	•	 	A cash fee of $400,000. Of this cash compensation, $50,000 will be non-refundable and
due on the date of signing of this Agreement and $350,000 (the “Closing Fee”) will be
payable at the closing of the Recapitalization (the “Closing”).
	 
	 	•	 	In addition to the cash fees, Oppenheimer shall receive warrants exercisable for an
aggregate 200,000 shares of the Company’s common stock, which shall have a five (5) year
term and be exercisable at a twenty percent (20%) premium to the average closing price of
the Company’s common stock on the Nasdaq National Market or Nasdaq Capital Market for the
ten (10) day period immediately prior to the date set forth above (the “Warrants”). The
Warrants shall not be callable by the Company (but shall be subject to earlier termination
in the event of an acquisition

 

 

	 	 	 	of the Company in which the Company’s stockholders receive cash consideration for their shares of Company stock) and shall provide for cashless net exercise. A warrant exercisable
for 100,000 shares shall be issued to Oppenheimer as of the date set forth above and a
warrant exercisable for the remaining 100,000 shares shall be issued to Oppenheimer promptly
following the Closing.

	3.	 	In addition to the fees payable hereunder, the Company shall promptly reimburse Oppenheimer
for its reasonable travel and out-of-pocket expenses, excluding legal fees and disbursements,
up to a maximum of $25,000.
	 
	4.	 	In the event the Company is required to seek shareholder approval and requires a fairness
opinion for the Divestiture, Oppenheimer and the Company shall enter into a separate agreement
at that time, which shall provide for a fee of $250,000 (the “Fairness Opinion Fee”).
However, upon the Closing, $125,000 of the Fairness Opinion Fee shall be applied as a credit
against the Closing Fee, reducing the Closing Fee by $125,000.
	 
	5.	 	In the event that a satisfactory Recapitalization cannot be achieved, Oppenheimer will act as
the Company’s exclusive placement agent to raise approximately $12.5 million of equity and/or
equity linked securities (the “Securities”), on a “best efforts” basis (the “Offering”).
Oppenheimer intends to market the Offering on the terms as set forth in the Term Sheet
attached hereto as Exhibit B. However, the ultimate terms will depend upon various factors
including, but not limited to, the overall market conditions at that time, the interest of
potential investors and the Company’s capitalization. The Securities shall be offered without
registration under the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder (the “Act”) pursuant to the exemption from registration created by
Regulation D thereof. Oppenheimer will be paid at closing of the Offering a cash commission
of 6.5% of the aggregate amount of the proceeds received at closing for the Securities sold.
However, any amount previously paid by the Company to Oppenheimer for the Recapitalization
under paragraph 2 hereunder shall be credited to the placement agent fee in this paragraph 5.
In addition, Oppenheimer shall receive non-callable warrants (but shall be subject to earlier
termination in the event of an acquisition of the Company in which the Company’s stockholders
receive cash consideration for their shares of Company stock) with a five (5) year term to
purchase that number of shares of the Company’s Common Stock equal to 5.0% of the number of shares of common stock sold in the Offering, exercisable at 120% of the Market Price at
closing of the Offering (the “Placement Warrants”). The Placement Warrants shall provide for
cashless net exercise. Whether or not the Offering is successfully completed, it shall be the
Company’s obligation to bear all of its expenses in connection with the proposed Offering. In
addition, the Company shall reimburse Oppenheimer for its reasonable actual out of pocket
expenses, including reasonable legal fees and disbursements, up to a maximum of $50,000.
	 
	6.	 	If there is no Closing or completed Offering as set forth herein and the Company enters into
discussions to merge or sell the Company (other then the Divestiture) on or prior to the
Outside Date with any third party, then the Company shall explore in good faith retaining
Oppenheimer as its mergers and acquisition advisor for such transaction (pursuant to a
separate agreement) on terms and conditions mutually acceptable to the Company and
Oppenheimer. Notwithstanding the foregoing, the Company is under no obligation to retain
Oppenheimer as its mergers and acquisitions advisor and may elect not to do so in its sole
discretion.
	 
	7.	 	Oppenheimer will not conduct any independent verification of information or material
furnished by the Company. Oppenheimer is entitled to rely on the accuracy and completeness of
such information and material, and Oppenheimer’s recommendations may be qualified to reflect
the foregoing. In addition, Oppenheimer will be relying on the audited and unaudited
historical financial statements and projections as provided by the Company.

 

 

	8.	 	The Company acknowledges that all recommendations and advice (written or oral) given by
Oppenheimer to the Company in connection with Oppenheimer’s engagement are intended solely for
the benefit and use of the Company and its professional advisors in considering the
Recapitalization and the Company agrees that, except as required by law and except with regard
to the fairness opinion, no such recommendation or advice shall be used for any other purpose
or reproduced, disseminated, quoted or referred to at any time, in any manner or for any
purpose, nor may the Company except with regard to the fairness opinion make any public
references to Oppenheimer, or use Oppenheimer’s name in any annual reports or any other
reports or releases of the Company without Oppenheimer’s prior consent.
	 
	9.	 	Since Oppenheimer will be acting on behalf of the Company in connection with its engagement
hereunder, the Company and Oppenheimer have entered into a separate indemnification agreement
attached hereto as Exhibit A and dated the date hereof, providing for the indemnification of
Oppenheimer by the Company. Oppenheimer has entered into this Agreement in reliance on the
indemnities set forth in such indemnification agreement. The indemnification shall survive
the termination or expiration of this Agreement.
	 
	10.	 	This Agreement shall be governed by the laws of the State of New York and may not be amended
or modified except in writing signed by both parties.
	 
	11.	 	This Agreement and all rights, liabilities and obligations hereunder shall be binding upon
and inure to the benefit of each party’s successors; provided that Oppenheimer may not assign
this Agreement without the prior written consent of the Company.
	 
	12.	 	The Company represents and agrees that it is authorized to enter into this Agreement and this
Agreement constitutes a legal, valid and binding obligation of the Company, enforceable in
accordance with its terms.
	 
	13.	 	This Agreement contains the entire agreement between the Company and Oppenheimer with respect
to the subject matter contained herein and supersedes any and all prior agreements between the
Company and Oppenheimer, whether written or oral.

 

 

          If the foregoing correctly sets forth the understanding between Oppenheimer and the Company,
please indicate your acceptance of this agreement by signing below, at which time this letter shall
become a binding contract.

	 	 	 	 	 
	 	Sincerely,

Oppenheimer & Co. Inc.

 	 
	 	/s/ Kee Colen
 	 
	 	Kee Colen 	 
	 	Managing Director 	 
	 

Accepted and Agreed:

	 	 	 	 	 
	Ciphergen Biosystems, Inc.

 	 	 
	BY:  	/s/ James P. Merryweather for
 	 	 
	 	Ms. Gail S. Page 	 	 
	 	Chief Executive Officer

James P. Merryweather

EVP Sales & Marketing 	 	 

 

 

	 	 	 	 	 

EXHIBIT A

August 3, 2006

Oppenheimer & Co. Inc.

125 Broad Street

New York, New York 10004

			
	Attention:	 	Kee Colen
 Managing Director

Dear Mr. Colen:

          In connection with our engagement of Oppenheimer & Co. Inc. (“Oppenheimer”) as our financial
advisor, we hereby agree to indemnify and hold harmless Oppenheimer and its affiliates, and the
respective controlling persons, directors, officers, shareholders, agents and employees of any of
the foregoing (collectively the “Indemnified Persons”), from and against any and all claims,
actions, suits, proceedings (including those of shareholders), damages, liabilities and expenses
incurred by any of them (including the reasonable fees and expenses of counsel), (collectively a
“Claim”), which are (A) related to or arise out of (i) any actions taken or omitted to be taken
(including any untrue statements made or any statements omitted to be made) by the Company, or (ii)
any actions taken or omitted to be taken by any Indemnified Person in connection with our
engagement of Oppenheimer, or (B) otherwise relate to or arise out of Oppenheimer’s activities on
our behalf under Oppenheimer’s engagement, and we shall reimburse any Indemnified Person for all
expenses (including the reasonable fees and expenses of counsel) incurred by such Indemnified
Person in connection with investigating, preparing or defending any such claim, action, suit or
proceeding, whether or not in connection with pending or threatened litigation in which any
Indemnified Person is a party. We will not, however, be responsible for any Claim, which is
finally judicially determined to have resulted from the gross negligence or willful misconduct of
any person seeking indemnification hereunder. We further agree that no Indemnified Person shall
have any liability to us for or in connection with our engagement of Oppenheimer except for any
Claim incurred by us as a result of any Indemnified Person’s gross negligence or willful
misconduct.

          We further agree that we will not, without the prior written consent of Oppenheimer, settle,
compromise or consent to the entry of any judgment in any pending or threatened Claim in respect of
which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual
or potential party to such Claim), unless such settlement, compromise or consent includes an
unconditional, irrevocable release of each Indemnified Person hereunder from any and all liability
arising out of such Claim.

          Promptly upon receipt by an Indemnified Person of notice of any complaint or the assertion or
institution of any Claim with respect to which indemnification is being sought hereunder, such
Indemnified Person shall notify us in writing of such complaint or of such assertion or institution
but failure to so notify us shall not relieve us from any obligation we may have hereunder, unless
and only to the extent such failure results in the forfeiture by us of substantial rights and
defenses. If we so elect or are requested by such Indemnified Person, we will assume the defense
of such Claim, including the employment of counsel reasonably satisfactory to such Indemnified
Person and the payment of the fees and expenses of such counsel. In the event, however, that legal
counsel to such Indemnified Person reasonably determines and provides written correspondence to us,
that having common counsel would present such counsel with a conflict of interest or if the
defendant in, or target of, any such Claim, includes an Indemnified Person and us, and legal
counsel to such Indemnified Person reasonably concludes that there may be legal defenses available
to it or other Indemnified Persons different from or in addition to those available to us, then
such Indemnified Person may employ its own separate counsel to

 

 

represent or defend it in any such Claim and we shall pay the reasonable fees and expenses of
such counsel. Notwithstanding anything herein to the contrary, if we fail timely or diligently to
defend, contest, or otherwise protect against any Claim, the relevant Indemnified Party shall have
the right, but not the obligation, to defend, contest, compromise, settle, assert crossclaims, or
counterclaims or otherwise protect against the same, and shall be fully indemnified by us therefor,
including without limitation, for the reasonable fees and expenses of its counsel and all amounts
paid as a result of such Claim or the compromise or settlement thereof. In any Claim in which we
assume the defense, the Indemnified Person shall have the right to participate in such Claim and to
retain its own counsel therefor at its own expense.

          We agree that if any indemnity sought by an Indemnified Person hereunder is unavailable for
any reason then (whether or not Oppenheimer is the Indemnified Person), we and Oppenheimer shall
contribute to the Claim for which such indemnity is held unavailable in such proportion as is
appropriate to reflect the relative benefits to us, on the one hand, and Oppenheimer on the other,
in connection with Oppenheimer’s engagement referred to above, subject to the limitation that in no
event shall the amount of Oppenheimer’s contribution to such Claim exceed the amount of fees
actually received by Oppenheimer from us pursuant to Oppenheimer’s engagement. We hereby agree
that the relative benefits to us, on the one hand, and Oppenheimer on the other, with respect to
Oppenheimer’s engagement shall be deemed to be in the same proportion as (a) the total value paid
or proposed to be paid or received by us or our stockholders as the case may be, pursuant to the
transaction (whether or not consummated) for which you are engaged to render services bears to (b)
the fee paid or proposed to be paid to Oppenheimer in connection with such engagement.

          Our indemnity, reimbursement and contribution obligations under this Agreement shall be in
addition to, and shall in no way limit or otherwise adversely affect any rights that any
Indemnified Party may have at law or at equity.

          The validity and interpretation of this agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York applicable to agreements made and to
be fully performed therein (excluding the conflicts of laws rules). Each of Oppenheimer and the
Company hereby irrevocably submits to the jurisdiction of any court of the State of New York,
County of New York or the United States District Court for the Southern District of New York for
the purpose of any suit, action or other proceeding arising out of this agreement or the
transactions contemplated hereby, which is brought by or against Oppenheimer or the Company and in
connection therewith, each of Oppenheimer and the Company (i) hereby irrevocably agrees that all
claims in respect of any such suit, action or proceeding may be heard and determined in any such
court, (ii) to the extent that it has acquired, or hereafter may acquire, any immunity from
jurisdiction of any such court or from any legal process therein, it hereby waives, to the fullest
extent permitted by law, such immunity and (iii) agrees not to commence any action, suit or
proceeding relating to this agreement other than in any such court. Each of Oppenheimer and the
Company hereby waives and agrees not to assert in any such action, suit or proceeding, to the
fullest extent permitted by applicable law, any claim that (a) it is not personally subject to the
jurisdiction of any such court, (b) it is immune from any legal process (whether through service or
notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with
respect to its property of (c) any suit, action or proceeding is brought in an inconvenient forum.

 

 

          The provisions of this Agreement shall remain in full force and effect following the
completion or termination of Oppenheimer’s engagement.

	 	 	 	 	 
	 	Very truly yours,

Ciphergen Biosystems, Inc.

 	 
	 	By:  	 	 
	 	 	Gail S. Page 	 
	 	 	Chief Executive Officer 	 
	 

Confirmed and agreed to:

	 	 	 	 	 
	Oppenheimer & Co. Inc.

 	 	 
	By:  	
 	 	 
	 	Kee Colen 	 	 
	 	Managing Director 	 	 
	Date:

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