SEC Contract Filing

Filing Date: 2017-08-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>cers-ex106_342.htm
<DESCRIPTION>EX-10.6
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.6</p>
<p style="margin-bottom:5pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:11pt;font-weight:bold;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="_cp_text_1_2"></a><font style="text-decoration:underline;"><a name="_cp_text_1_2"></a>AMENDMENT NO. 3 TO SALES AGREEMENT<br /></font></p>
<p style="text-align:right;margin-bottom:5pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:11pt;text-transform:none;font-family:Times New Roman;font-style:normal;font-variant: normal;"><font style="text-decoration:none;">August 4, 2017</font></p>
<p style="margin-bottom:5pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:11pt;font-weight:bold;text-transform:uppercase;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cantor Fitzgerald &amp; Co.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">499 Park Avenue</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">New York, NY 10022</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:10pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ladies and Gentlemen:</p>
<p style="margin-bottom:10pt;text-align:justify;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_cp_text_1_8"></a>Cerus Corporation, a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and Cantor Fitzgerald &amp; Co. (&#8220;<font style="text-decoration:underline;">Agent</font>&#8221;) are parties to that certain Controlled Equity Offering<sup style="font-size:85%; vertical-align:top">SM</sup><a name="_cp_text_1_8"></a> Sales Agreement dated August 31, 2012 as previously amended on March 21, 2014 and May 5, 2016 (as amended, the &#8220;<font style="text-decoration:underline;">Sales Agreement</font>&#8221;).&nbsp;&nbsp;All capitalized terms not defined herein shall have the meanings ascribed to them in the Sales Agreement. The parties, intending to be legally bound, hereby amend the Sales Agreement as follows:</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font>The first two paragraphs of Section 1 of the Sales Agreement are hereby deleted and replaced with the following:&nbsp;&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-align:justify;margin-left:7.69%;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-align:justify;margin-left:7.69%;margin-right:3.85%;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_cp_text_1_18"></a><a name="_cp_text_1_20"></a>&#8220;1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Issuance and Sale of Shares</font>.&nbsp;&nbsp;<font style="color:#000000;">The Company agrees that, from time to time during the term of this Agreement, and on the terms and subject to the conditions set forth herein, it may issue and sell through Agent, shares (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Placement Shares</font><font style="color:#000000;">&#8221;) of the Company&#8217;s common stock, par value $0.001 per share (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Common Stock</font><font style="color:#000000;">&#8221;). </font>Following the time that the New Registration Statement (as defined below) is declared effective under <font style="color:#000000;">the Securities Act of 1933, as amended (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Securities Act</font><font style="color:#000000;">&#8221;) by the Securities and Exchange Commission (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Commission</font><font style="color:#000000;">&#8221;)<a name="_cp_text_1_18"></a>, $70,000,000 of Placement Shares, inclusive of any Placement Shares remaining unsold under this Agreement pursuant to the Prior Prospectus (as defined below), shall be available for offer and sale (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Available Placement Shares</font><font style="color:#000000;">&#8221;);&#160;</font><font style="font-style:italic;color:#000000;">provided, however</font><font style="color:#000000;"><a name="_cp_text_1_20"></a>, that in no event shall the Company issue or sell through Agent such number of Placement Shares that (a)&#160;would cause the Company to not satisfy the eligibility requirements for use of Form S-3 (including, if applicable, Instruction I.B.6. thereof), (b)&#160;exceeds the a