Document:

Exhibit 10.2 - TenthAddendumtoCorvallisCommercialLease

TENTH ADDENDUM TO COMMERCIAL LEASE
This Tenth Addendum to Commercial Lease (Tenth Addendum) is entered into this ____ day of April, 2015, by and between Research Way Investments, a California limited partnership (“Landlord” or “RWI”) and SIGA Technologies, Inc, a Delaware corporation, and Chapter 11 Debtor-In-Possession in case no 14-12623 as presently pending in the United States Bankruptcy Court for the Southern District of New York (“Tenant”).

RECITALS

A.Pursuant to their original lease dated January 1, 1998 (the “Original Lease”), Landlord leased to Tenant, and Tenant leased from Landlord, nine thousand six hundred seventy-seven (9,677) square feet of net rentable area in that certain building (the “Building”) owned by Landlord and located at 4575 S.W. Research Way, Corvallis, Benton County, Oregon, more particularly described in the Lease (the “Premises”). 

B.Landlord and Tenant concurrently with the execution of the Lease executed the First Addendum clarifying certain terms set forth in the Original Lease.

C.On or about January 22, 2002, Landlord and Tenant executed the Second Addendum whereby Tenant terminated certain rights to Reserved Space, and a First Refusal Area was defined as more particularly set forth in the Second Addendum.

D.On or about July 16, 2004, Landlord and Tenant executed a Third Addendum whereby the parties memorialized that Tenant had occupied sixty-six (66) additional square feet of net rentable areas since the commencement date of the Original Lease, and Tenant had occupied three hundred sixty (360) additional square feet of net rentable area on the first floor of the Building since on or about April 1, 2003.  Additionally, Landlord and Tenant amended certain utility rights and modified the option terms set forth in the Original Lease.

E.On or about October 1, 2004, Landlord and Tenant agreed to a Fourth Addendum executed effective October 1, 2004, whereby the parties agreed to amend the Original Lease to add nine thousand eight hundred eighty-four (9,884) square feet of net rentable area located on the first floor of the Building to the premises being leased.  

F.On or about January 1, 2007, Landlord and Tenant executed a Fifth Addendum, whereby the parties memorialized their agreement that Tenant would allow access to and from the freight elevator by other Building tenants.  Additionally, Landlord and Tenant agreed to extend the Original Lease Term to December 31, 2011, and further modified the Fixed Monthly Rent and option terms set forth in the Original Lease.

G.On or about January 1, 2008, the parties agreed to a Sixth Addendum, executed effective January 1, 2008, which eliminated approximately one thousand four hundred and four (1,404) square feet or net rentable area from the Premises and reduced Tenant’s obligations with regard to such excluded space.

H.On or about March 1, 2010, Landlord and Tenant agreed to a Seventh Addendum, executed effective March 1, 2010, whereby the parties agreed to amend the Original Lease to add eighty-one (81) square feet of net rentable area to the Premises located on the west side of the downstairs lobby of the Building. 
I.      Effective June 1, 2011, Landlord and Tenant executed an Eighth Addendum to Commercial Lease, whereby the parties agreed to add approximately fifteen thousand nine hundred seventy six (15,976) square feet of net rentable area within the Building to the Premises.
J.      Effective November 1, 2012, Landlord and Tenant executed a Ninth Addendum to Commercial Lease, whereby the parties agreed to an option to further extend the term of the Original Lease for one (1) additional five (5) year term after December 31, 2017. 
K.     The Lease and the foregoing described addendums, are collectively referred to herein as the “Lease”
L.    On September 16, 2014, Tenant commenced a voluntary case under Chapter 11 of Title 11 United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York, Case No 14-12623(SHL) hereinafter the “Chapter 11 Case”.  Tenant is a Debtor-In-Possession in the Chapter 11 Case.
M.    On December 30, 2014 in the Chapter 11 Case, Tenant filed a Motion seeking to extend the time to assume or reject the Lease under §364(d)(4)(B)(i) of the Bankruptcy Code. Based upon that motion, on January 14, 2015 the Bankruptcy Court entered an order extending the time period within which the Tenant may assume or reject the Lease through and including April 14, 2015.
N.    That under the current terms of the Lease, Fixed Monthly Rent for the Premises accrues at the rate of Fifty Thousand Eight Hundred Nine and 00/100 Dollars ($50,809.00) per month.  Fixed Monthly Rent for 2016 is scheduled to escalate to Fifty Two Thousand Four Hundred Forty Eight 

and 00/100 Dollars ($52,448.00) per month. Fixed Monthly Rent for 2017 is scheduled to escalate to Fifty Four Thousand Eighty Seven and 00/100 Dollars ($54,087.00) per month.  
O.     That under the current terms of the Lease, the Tenant’s Percentage Share for triple net charges and other additional rents is generally 36.15 % of the total charges for the land and Building. It is currently estimated that the total charges for the land and Building, for which all Building tenants are subject to a percentage charge, will be approximately $891,702.57 in 2015.
P.    That Tenant wishes to remain at the Premises, but hereby modify and reduce the Tenant’s rights and obligations under the Lease, rather than reject the entire Lease and vacate the Premises.
Q.    That Landlord is willing to modify the Lease, and address Tenant’s wishes and concerns, on the terms herein stated, subject to the entry of an order (the “Bankruptcy Court Order”) by the  Bankruptcy Court approving the assumption of the Lease, as herein modified,  under § 365(a) of the Bankruptcy Code.

NOW THEREFORE LANDLORD AND TENANT AGREE AS FOLLOWS:
1.         That the foregoing Recitals (A through Q) are true, accurate and complete.
2.    That the “Premises” which shall be subject to the Lease shall be reduced to the area shown as the “Leasehold Premises” on Exhibit “A” and by this reference herein incorporated.  All other portions of the Premises formerly occupied by the Tenant shall be surrendered to Landlord effective 12:01 a.m. May 1, 2015, subject to Tenant’s obligations under Paragraph 5 below, and Tenant shall have no further rights under the Lease to occupy or utilize the same (the “Vacated Premises”).
3.    That commencing May 1, 2015, the Fixed Rent due  under the Lease for the Leasehold Premises, shall be reduced to the sum of  $34,629.85 per month, through December 31, 2015, thereafter Fixed Rent shall be adjusted as follows:
January 1, 2016 through December 31, 2016:   $35,091.70 per month ($421,100.40/yr).
January 1, 2017 through December 31, 2017:   $35,461.18 per month ($425,534.16/yr).
4.    That Tenant’s Percentage Share for triple net charges and other additional rents under the Lease shall be reduced to 10.1876% of the total charges for the land and Building of which the Leasehold Premises are a part. 
5.    Notwithstanding the provisions of Sections 8 and 9 of the Original Lease, Tenant shall have no obligation to remove Alterations, Fixtures, personal property, business and trade fixtures, cabinetwork, and or movable equipment (collectively the Leasehold Equipment) from the Vacated 

Premises, or the land or Building of which the Vacated Premises are a part.  As a part of the valuable consideration exchanged between the parties, Tenant hereby transfers, conveys and assigns all rights to such Leasehold Equipment to Landlord, free and clear of any liens and encumbrances, and Landlord shall have the right to remove and dispose of the same without further obligation or liability to Tenant, any creditors, or any other party in interest in the Chapter 11 Case. By way of example and not to limit the generality of the foregoing, the Leasehold Equipment shall include all existing equipment, and equipment systems associated with the operation of the laboratories presently located within the Vacated Premises, such as the backup emergency diesel electrical generator, the vacuum pumps, and all related equipment.  Notwithstanding the provisions of this section, the backup emergency natural gas powered electrical generator being used to support the Tenant’s downstairs IT operations will continue to be owned by the Tenant. The government-owned equipment located in the laboratory portion of the Vacated Premises shall be removed by the Tenant, at Tenant’s sole cost and expense, on or before May 31, 2015. To the extent Tenant fails to timely remove the foregoing government-owned equipment, the Landlord shall have the right to remove the same, and Tenant shall reimburse Landlord for all costs and expenses incurred by Landlord for such removal and any related storage expenses within thirty (30) days following Landlord’s invoice to Tenant for the same, all as additional rent due hereunder.
6.     That the effectiveness of this agreement is contingent upon entry of the Bankruptcy Court Order and said order becoming final. While Landlord shall accept payment of the reduced Fixed Rent immediately following the execution of this Agreement by the parties, Landlord shall have the right to maintain Landlord’s claim for all appropriate unpaid rents and damages under the unmodified terms of the Lease if the Bankruptcy Court Order is not entered and thereafter become final, and the Lease is hereafter rejected for any reason under § 365 of the Bankruptcy Code.
7.     That as additional consideration exchanged between the parties, and following the entry of a final Bankruptcy Court Order approving this agreement, Landlord shall withdraw Landlord’s claim filed in the Chapter 11 Case seeking damages for unpaid pre-petition rent and damages associated with the rejection of the Lease and acknowledges that upon such withdrawal, the Landlord will not assert any claims under the Lease with respect to the period prior to the commencement of the Chapter 11 Case.

Landlord:                        Tenant
RESEARCH WAY INVESTMENTS,        SIGA TECHNOLOGIES, INC.,
a California limited partnership            a Delaware corporation, and Debtor
in-Possession.
 
By:_____________________________        By:_____________________________
     Rex Jacobsma, Its General Partner        Name:___________________________
Title:____________________________

RESEARCH WAY TECHNOLOGY CENTER
4575 RESEARCH WAY
EXHIBIT A
SIGA'S TENTH AMENDMENT TO COMMERCIAL LEASE
3/18/15

SIGA'S "LEASEHOLD PREMISES": APPROXIMATELY 9,237 SQ. FT.
AS SHOWN IN BLUE CROSS HATCHED AREAExhibit 10.3 - 01C 0009 Amendment to Solicitation Modificatio of Contract

	
													
	AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT
	1. CONTRACT ID CODE
   N/A
	PAGE OF PAGES

	1
	2

	2. AMENDMENT/MODIFICATION NO
   0009
	3. EFFECTIVE DATE
See Block 16C
	4. REQUISITION/PURCHASE REQ. NO
N/A
	5. PROJECT NO. (If applicable)
N/A

	6. ISSUED BY
	CODE
	N/A
	7. ADMINISTERED BY (IF OTHER THAN ITEM 6)
	CODE
	N/A
	 

	DHHS/OS/ASPR/AMCG
330 Independence Avenue, SW,
Room G640,
Washington, DC 20201
	 

	

8. NAME AND ADDRESS OF CONTRACTOR (No., Street, County, State, and Zip Code)

SIGA TECHNOLOGIES, INC.
35.E 62nd Street
New York, NY 10065

	(x)
	

9A. AMENDMENT OF SOLICITATION NO. 

	 

	

9B. DATED (SEE ITEM 11)  

	 

	x
	10A. MODIFICATION OF CONTRACT/ORDER NO. 
   HHSO100201100001C
 
	 

	

CODE:  N/A

	

FACILITY CODE:  N/A
	10B. DATED (SEE ITEM 13) 
   05/13/2011
	 

	   11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS
	 

  The above numbered, solicitation is amended as set forth in item 14.  The hour and date specified for receipt of Offers  is extended  is not extended.

Offers must acknowledge receipt of this amendment prior to the hour and date specified in the solicitation or as amended by one of the following methods:  (a) By completing Items 8 and 15, and returning ___________ copies of the amendment; (b) By acknowledging receipt of this amendment on each copy of the offer submitted; or (c) By separate letter or telegram which includes a reference to the solicitation and amendment numbers, FAILURE OF YOUR ACKNOWLEDGMENT TO BE RECEIVED AT THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER. If by virtue of this amendment you desire to change an offer already submitted, such change may be made by telegram or letter, provided each telegram or letter makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.
	
													
	12. ACCOUNTING AND APPROPRIATION DATA (If Required)
N/A
	 

	   13. THIS ITEM APPLIES ONLY TO MODIFICATIONS OF CONTRACTS/ORDERS, 
   IT MODIFIES THE CONTRACT/ORDER NO., AS DESCRIBED IN ITEM 14
	 

	(Y)
	A. THIS CHANGE ORDER IS ISSUED PURSUANT TO: (Specify Authority) THE CHANGES SET FORTH IN ITEM 14 ARE MADE IN THE CONTRACT ORDER NO. IN ITEM 10A.    

	 
	B. THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as changes in paying office, appropriation date, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY OF FAR 43.103 (b).

	X
	C. THIS SUPPLEMENTAL AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:
FAR 43.103(A)(3) Bilateral - Other Agreements of the Parties

	 
	D. OTHER (Specify type of modification and authority)

	E. IMPORTANT: Contractor
	[   ]
	is NOT
	[X]
	is required to sign this document and return
	1
	copies to the issuing office.
	 

	14. DESCRIPTION OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible.
PURPOSE: This modification revises section F.6. Delivery Schedule.
FUNDS ALLOTTED PRIOR TO MOD #9       $   463,393,621.00
FUNDS ALLOTTED WITH MOD #9              $                      0.00
TOTAL FUNDS ALLOTTED TO DATE          $    463,393,621.00 (Unchanged)
EXPIRATION DATE:                                        September 24, 2020 (Unchanged)
CONTRACT FUNDED THROUGH                 September 24, 2020 (Unchanged)
	 

	Except as provided herein, all terms and conditions of the document referenced in Item 9A or 10A, as heretofore changed, remains unchanged and in full force and effect.
	 

	15A. NAME AND TITLE OF SIGNER
     Dennis E. Hruby
   Chief Scientific Officer
	16A. NAME AND TITLE OF CONTRACTING OFFICER
      Linda D. Luczak, Contracting Officer
   DHHS/OS/ASPR/AMCG
	 

	15B. CONTRACTOR/OFFEROR
     /s/ Dennis E. Hruby   
	15C. DATE SIGNED
29 April 2015
	16B. UNITED STATES OF AMERICA
/s/ Linda D. Luczak   
	16C. DATE SIGNED
   4/29/2015

	   (Signature of person authorized to sign)
	 
	   (Signature of Contracting Officer)
	 

NSN 7540-01-152-8070                                    STANDARD FORM 30 (REV. 10-83)

	
			
	Contract No. 
HHS0100201100001C Modification No.9
	Continuation Sheet  
Block 14
	Page 2 of 2

a. By deleting in its entirety the Delivery Schedule under Section F.6. (as modified under Modification 0004).
b. The following delivery schedule is incorporated into this contract:
The following delivery schedule shall be used if 600mg BID (600mg twice per day) is the selected dosage.1 
	
					
	Delivery Number
	Number of Bottles (42 x 200mg Capsules)
	Number of 
Courses
	Delivery 
Date
	Batches

	#1
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial Validation

	#2
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#3
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#4
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#5
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#6
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#7
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#8
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#9
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#10
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#11
	[redacted]*
	[redacted]*
	[redacted]*
	Commercial

	#12
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#13
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#14
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#15
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#16
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#17
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#18
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#19
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#20
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#21
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#22
	[redacted]*
	[redacted]*
	TBD
	Commercial

	#23
	[redacted]*
	[redacted]*
	TBD
	Commercial

	Total
	4,000,000
	2,000,000
	 
	 

NOTE:  The contractor is reminded that as stated under section B.8.3.2, product that does not meet any specified label claims, fails release testing or does not meet 38 month expiry period shall be replaced at no-cost to the government. Section B.8.3.2 remains in full force and effect.
c. The contract amount and all other terms and conditions under this contract remain unchanged.
END OF MODIFICATION 9 TO HHS0100201100001C
______________________________________________________________
1 Certain material has been omitted pursuant to a request for confidential treatment.  Such omitted material has been filed separately with the Securities and Exchange Commission.

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