EX-10.9.1 Sale and Transfer Agreement

EX-10.9.1 11 b61114a2exv10w9w1.txt EX-10.9.1 SALE AND TRANSFER AGREEMENT Exhibit 10.9.1 SALE AND TRANSFER AGREEMENT BY AND BETWEEN BIOVEX LIMITED (as seller and transferor and lessee) and EUROPEAN VENTURE PARTNERS II ANNEX LIMITED (as purchaser, transferee and head lessor) Dated 25 / 08 / 2006 AGREEMENT BETWEEN (1) BIOVEX LIMITED incorporated in England with Registered Number ###-###-#### whose address is 70 Milton Park, Abingdon, Oxford OX14 4RX (the "lessee"); and (2) EUROPEAN VENTURE PARTNERS II ANNEX LIMITED, whose address is St Paul's Gate, New Street, St Helier, Jersey JE4 8ZB (the "Head lessor") RECITALS (A) The lessee wishes to sell the Equipment (as defined in this agreement) to the Head lessor on the terms set out in this agreement. (B) The Head lessor wishes to purchase the Equipment from the lessee. (C) The Head lessor by separate agreement shall lease the Equipment to Venture Leasing (UK) Annex Limited (Company Number 05758881) (the "Head lessee") (the "Master Head-lease Agreement") and Head lessee shall by separate agreement entered into on the date hereof between the Head lessee and the lessee (the "Master Sub-lease Agreement") lease the Equipment back to the lessee. IT IS AGREED as follows: 1. Definitions 1.1 The expressions used herein are those used in the Master Sub-lease Agreement, unless expressly stated otherwise herein. 1.2 "Transfer Date" means the date hereof. 1.3 "Equipment" means the products described in ANNEX 1 attached hereto. 2. SALE AND TRANSFER 2.1 The lessee hereby sells the Equipment with full title guarantee to the Head lessor with effect from the Transfer Date. 2.2 Physical delivery of the Equipment shall not take place but the parties hereby agree that the legal and beneficial ownership in the Equipment shall be transferred to the Head lessor with effect from the Transfer Date. 2 3. RISK All risk of loss, theft and damage of and to the Equipment from any cause whatsoever remains with the lessee until such time as determined under the Master Sub-lease Agreement. 4. PURCHASE PRICE In consideration for the sale and transfer of the Equipment, the Head lessor shall pay an aggregate purchase price of E3,000,000 plus value added tax at the prevailing rate of currently 17.5% 5. REPRESENTATIONS AND WARRANTIES OF THE LESSEE 5.1. The lessee represents and warrants that the following statements are true and accurate as at the Transfer Date: a) The lessee is the sole legal and beneficial owner of every item of the Equipment. The lessee can freely dispose of every item of the Equipment. b) The Equipment is free of any lien, encumbrance and other rights created for the benefit of third parties. c) The sale and transfer of the equipment and any part thereof does not require the consent of any other person or authority. The lessee is not restricted by any applicable law or any contract, agreement or arrangement to which it is a party to validly and effectively sell and transfer the equipment. There are no claims, options, rights of pre-emption or other agreements materially affecting the good and marketable title to the Equipment. d) The Equipment is of satisfactory quality within the meaning of the Sale of Goods Act 1979, has, if and as applicable, been properly installed, operated and maintained in accordance the manufacturer's instructions whilst in the possession or ownership of the lessee and is in good working order. e) The aggregate price to be paid by the Head lessor under clause 4 reflects the fair replacement value of the Equipment at the date of this Agreement. 6. MISCELLANEOUS 3 This Sales Agreement is governed by and interpreted in accordance with English law and the parties hereto submit to the exclusive jurisdiction of the English Courts in relation to any matter arising herefrom. Duly executed by the parties on the date set out on the front page SIGNED BY For and on behalf of BIOVEX LIMITED /s/ P. Astley-Sparke ---------------------------------------- Authorised Signatory SIGNED BY For and on behalf of EUROPEAN VENTURE PARTNERS II ANNEX LIMITED /s/ [ILLEGIBLE] ---------------------------------------- Authorised Signatory 4 ANNEX 1 ASSET REGISTER BIOVEX TOTAL SCHEDULE COMPANY NAME LIMITED DRAWDOWN DATE 25-AUG-06 AMOUNT LEASE AGREEMENT NO 6 COMMENCEMENT DATE 01-OCT-06 E3,000,000.00 DRAWDOWN NO 1 TERMINATION DATE 30-SEP-09

5 Fluorometer & minicell adapter Milton Park 3 Mar-03 kit GRI Y PRO00403 Thermo Life Milton Park 3 Mar-03 Hybaid Instruments multiblock Sciences Y 842061 Biotechne Hepa & Microplate Milton Park 3 Feb-03 Strip Washer Jencons Y 00297563 Biorack Storage Unit, cryoguard, Milton Park 3 Feb-03 roller base SLS Y SI25515501 Hybaid Instruments 1 block MBS Thermo Life Milton Park 3 Jan-03 start up kit Sciences Y 836698 Y Milton Park 3 Jan-03 Legend Easy Set + accessories Kendro SLS/82002705 Pall Milton Park 3 Dec-02 Quattro pump 1000S Corporation Y 361111 Pall Milton Park 3 Dec-02 Centramate Package 2 Corporation Y 361693 Autoimmun Milton Park 3 Nov-02 AID Elispot Reader System Diagnostika Y AR02114103 Milton Park 3 Nov-02 Densitometer & accessories Bio-Rad Y 320/22027709 Amersham Milton Park 3 Oct-02 Pump P-950 Pharmacia Y 27151076 Milton Park 3 Sep-02 Protean IEF Cell Bio-Rad Y 320/22021752 MX FLII Optics Carrier & Milton Park 3 Sep-02 accessories Leica Y 93466724 Olympus microscope frame & Milton Park 3 Sep-02 accessories SLS Y SI24329001 AKTA FPLC system inc Milton Park 3 Aug-02 computer & printer Rodaris Y ROD/BV001 Shimadzu UV 2401 PC, Milton Park 3 Aug-02 Spectrophotometer etc Rodaris Y ROD/BV002 Washing machine, ice maker, Milton Park 3 Jul-02 accessories Jencons Y 00285909 Xograph film processor & Milton Park 3 Jun-02 accessories Xograph Y OP/I056750 Milton Park 3 Jun-02 Gene Pulser II & accessory Bio-Rad Y 320/22014464 Computer software - re Oncovex Canfield Milton Park 3 May-02 project Clinical Ultrasonic Processor & Milton Park 3 Apr-02 accessories Jencons Y 280112 Milton Park 3 Apr-02 Legend Easy Set Kendro Y ###-###-#### Milton Park 3 Mar-02 Microscope Olympus SLS Y SI21324801 Milton Park 3 Mar-02 Assorted analytical instruments Jencons Y 00278079 Miele Glass Washing Machine & Milton Park 3 Mar-02 accessories Jencons Y 00277895 Milton Park 3 Mar-02 Lightbox, light table VWR Y 91115392 Scintillation counter & cell Milton Park 3 Mar-02 harvester Packard Y 57013 Milton Park 3 Mar-02 Olympus Microscope plus eqpt SLS Y SI21324802 Milton Park 3 Mar-02 Revco Elite Series Upright Kendro Y ###-###-#### Milton Park 3 Feb-02 Centrifuge 5417R VWR Y 91082496 Milton Park 3 Feb-02 Minus 80 Freezer Y ###-###-#### Supply & install additional Cat5e Computers in Milton Park 3 Jan-02 outlets the City Y 4566 Red Box Fire Milton Park 3 Jan-02 Fire extinguishers Control Y 18794 Milton Park 3 Jan-02 Installation of telephone system TSS Y I/014/02 Milton Park 3 Jan-02 Fridges for labs John Lewis Y Milton Park 3 Jan-02 Equipment for labs - various Kendro Y - contract

6 Milton Park 3 Jan-02 Mastercycler gradient, Centrifuge VWR Y 91073201 Supply & installation of Cat5e Computers in Milton Park 3 Dec-01 outlets the City Y 4418 Milton Park 3 Nov-01 Heracell incubator Kendro Y 0004022020 Milton Park 3 Oct-01 Refractometer Merck Y 90986449 Milton Park 3 Oct-01 Herasafe Class II Cabinet HS12 Kendro Y 0004020913 Milton Park 3 Oct-01 Herasafe Class II Cabinet HS9 Kendro Y 0004021019 TZ-28 Ti zonal rotor & Milton Park 3 Aug-01 conversion kit Kendro Y 0004020110 Becton Milton Park 3 Aug-01 Facscalibur & accessories Dickinson Y 010057564 Reservoir kit, Proflux basic unit Milton Park 3 Apr-01 & accessories Millipore Y 74 Milton Park 3 Apr-01 A-621 F/A Rotor Oncovex Kendro Y 0004017808 Spectrophotometer & cell ultra Milton Park 3 Mar-01 micro Merck Y 90812338 Milton Park 3 Mar-01 Reservoir kit Oncovex Millipore Y ###-###-#### Milton Park 3 Dec-00 Lucia IA DVC Camera Nikon UK Y ###-###-#### Milton Park 3 Dec-00 Lucia DVC Camera accessories Nikon UK Y ###-###-#### UCL 3 Nov-00 Heracell Stacked Double Unit Kendro Y UCL 3 Nov-00 Olympus Microscope plus eqpt SLS Y UCL 3 Oct-00 Heracell Stacked Double Unit Kendro Y UCL 3 Sep-00 Millipore eqpt Millipore Y UCL 3 Sep-00 Ugo Basile Meter and plate Linton Y Sanyo Gallenkamp upright UCL 3 Jun-00 freezer & CO2 backup Sanyo Y ###-###-#### Proflux M12 Basic unit+reservoir Y UCL 3 Mar-00 kit Millipore 4033/58428502cr UCL 3 Mar-00 Sanitary Manifold+Tubing kit Millipore Y ###-###-#### Scientific UCL 3 Mar-00 Balance A&D HR-120 Lab. Supplies Y 14836901 UCL 3 Mar-00 Roto rat 8 station & accessories via UCL YES UCL 3 Mar-00 Opsys MR+Printer Dynex Y 62986 UCL 3 Feb-00 Leica SM 2000R Leica Y 93215325 UCL 3 Feb-00 Dry ice tray for Leice SM Leica Y 93220416 UCL 3 Feb-00 Pel 2 Mini holder Millipore Y ###-###-#### UCL 3 Feb-00 Stereotactic Drill +Manipulator Harvard Y 26396 Small animal sterotaxic UCL 3 Dec-99 instrument via UCL NO Hybridation Oven UCL 3 Dec-99 HBMSOV14220 Hybaid Y 545925 UCL 3 Nov-99 Micro4 Controller UPM II WPI Y 605623 Insight UCL 3 Nov-99 Gel system.double sided, vertical Biotechnology Y 8119 Scientific UCL 3 Sep-99 Microscope stero zoom Lab. Supplies Y 12968402 Life Sciences UCL 3 Sep-99 Mixer/Shaker -Orbital B Denley Int Y 770454 Amersham UCL 3 Sep-99 Power supply x4 +Transphor unit Pharmacia Y 97120969 Amersham UCL 3 Sep-99 Power supply x2 Pharmacia Y 97121570 Storage System Biostor Scientific UCL 3 Sep-99 MOL3136 Lab. Supplies Y 12965702 Insight UCL 3 Aug-99 Incubator Shaker, G25 KS Biotechnology Y 7029

7 Scientific UCL 3 Aug-99 Icemaker Scotsman AF10-AS Lab. Supplies Y 12948301 UCL 3 Aug-99 Heracell Double Unit x2 Kendro Y ###-###-#### UCL 3 Aug-99 Incubator B12 Function Line Kendro Y ###-###-#### UCL 3 Aug-99 Centrifuge Superspeed rc -26+ Kendro Y ###-###-#### Scientific UCL 3 Aug-99 Microscope CK40-F Olympus Lab. Supplies Y 12968401 Scientific UCL 3 Aug-99 Biosystem 10 with LN Cylinder Lab. Supplies Y 12965701 UCL 3 Jul-99 Herasafe HS12 Kendro Y ###-###-#### UCL 3 Jul-99 VIP Freezer -86c MDF-U70V Sanyo Y ###-###-#### UCL 3 Jul-99 Centrifuge micro 5417c x2 Merck Y 90271450 Centrifuge, refrigerated Jouan UCL 3 Jul-99 CR4.22 Merck Y 90271450 Concentrator with pump and UCL 3 Jun-99 rotor Merck Y 90223259 UCL 3 Jun-99 Centrifuge 5417R with rotor Merck Y 90223259 UCL 3 Jun-99 PCR Merck Y 90218336 UCL 3 Apr-99 Incubator/SUB6 via UCL NO New Brunswick Scientific G25 UCL 3 Jan-99 Incubator Shaker Insight Y 4909 Milton Park 1 Feb-06 Server and adaptor SDT Y 13095 Milton Park 1 Jan-06 Servers - Blackberry & email SDT Y 13075 Various computer equip (see Bechtle Milton Park 1 Oct-05 invoice) Direct Y SINV079275 Milton Park 1 Aug-05 Sony Laptop VGN-S4 VP (CSS) Sony HP DL380 - Financial Server (for Milton Park 1 Jul-05 US) SDT Y 12955 HP Compaq nx8220-760, Bechtle Milton Park 1 Jun-05 monitor etc Direct Y SINV072702 Bechtle Milton Park 1 Jun-05 Sony Vaio (GB) Direct Y SINV073508 Milton Park 1 Dec-04 Server & accessories SDT Y 12854 Eurosource Milton Park 1 Nov-04 Sony Vaio Notebook (CL) IT Y I002494 Milton Park 1 Aug-04 Compaq server and extras SDT Y 12793 HP DL 380 3.2 Ghz Server & Milton Park 1 Jul-04 software SDT Y 12776 D330 MT Computers x 2 (Imm Bechtle Milton Park 1 Jun-04 & JH) Direct Y SINV056158 Milton Park 1 Apr-04 Compaq DL320 SDT Y 12705 Bechtle Milton Park 1 Apr-04 Apple PowerMac G4, Direct Y SINV053265 HP Compaq nc4000/ Sony Viao Bechtle Milton Park 1 Jan-04 Z1 RMP Direct Y 47941 M'soft windows/exchange/XP Software Milton Park 1 Nov-03 pro Design Tech Y 12627 Bechtle Milton Park 1 Oct-03 HP Colour laser printer Direct YSINV044951 Software Milton Park 1 Oct-03 HP D330 - 1 (Bliu) Computer Design Tech Y 12620 HP D330 - 2 (Imm Lab) Bechtle Milton Park 1 Oct-03 Computer Direct Y SINV045518 Software Milton Park 1 May-03 Server cabinets Design Tech Y 12518 Software Milton Park 1 May-03 Rackmount UPS Design Tech Y 12523

8 Compaq server, Jukebox & Software Milton Park 1 May-03 software Design Tech Y 12526 Software Milton Park 1 May-03 Compaq notebook (communal) Design Tech Y 12529 Compaq D310 MT & monitor Software Milton Park 1 Feb-03 (blackberry) Design Tech Y 12474 Compaq comp. & monitors Software Milton Park 1 Jan-03 (SW/TP/MW) Design Tech Y 12457 Compaq computer & monitor Software Milton Park 1 Oct-02 (ET) Design Tech Y 12421 Compaq computer & accessories Software Milton Park 1 Sep-02 (Ymc) Design Tech Y 12387 Compaq computer & accessories Software Milton Park 1 Sep-02 (RC - L) Design Tech Y 12404 Software Milton Park 1 Jul-02 Firebox & Soho TC Design Tech Y 12356 Compaq laptop (RS) & 2 PC's Software Milton Park 1 Jun-02 (ST,Anal) Design Tech Y 12342 Micro Anvika Milton Park 1 Jun-02 Laptop computer (JH) (Visa) Y 5 Compaq Software Milton Park 1 Apr-02 computers,monitors,software Design Tech Y 12292 Software Milton Park 1 Mar-02 Laptop - TM Design Tech Y 12273 Software Milton Park 1 Jan-02 3 Compaq D300 & software Design Tech Y 12227 Compaq Rack Server & Computers in Milton Park 1 Dec-01 accessories the City Y 4423 Compaq Rack Server & Computers in Milton Park 1 Dec-01 accessories the City Y 4422 Compaq stabiliser unit, drawer Computers in Milton Park 1 Dec-01 kit etc the City Y 4421 Computers in Milton Park 1 Dec-01 Leads various the City Y 4450 Computers in Milton Park 1 Dec-01 MS Upgrades various, ACT 2000 the City Y 4417 Computers in Milton Park 1 Oct-01 Sony Vaio R600 (PAS) the City Y 4200 Milton Park 4 Sep-05 Filing cabinets & chairs ISIS Y (4) Milton Park 4 Sep-05 Cabinets & desks ISIS Y (2) Milton Park 4 Jul-05 workstation (desks, chairs etc) ISIS Y (3) Milton Park 4 May-05 4 workstations (desks,chairs etc) ISIS Y Milton Park 4 Jan-05 4 x 2 drawer fire proof filing cab. Viking Direct y Milton Park 4 Feb-04 Bisley Side open Tambour Guilbert y Milton Park 4 Jul-02 Fire cabinet Viking Direct Y Milton Park 4 Jun-02 Seating Vector Y Milton Park 4 May-02 Office Furniture desks, chairs etc Viking Direct Y (2) Milton Park 4 Mar-02 Office Furniture desks, chairs etc Viking Direct Y (4) Milton Park 4 Feb-02 Office Furniture desks, chairs etc Viking Direct Y (3) Milton Park 4 Jan-02 Office Furniture desks, chairs etc Viking Direct Y (5) Milton Park 4 Dec-01 Office Furniture desks, chairs etc Viking Direct Y (2) Milton Park 4 Nov-01 Office Furniture desks, chairs etc Viking Direct Y (9) Milton Park 4 Oct-01 Office Furniture desks, chairs etc Viking Direct Y (6) Oxford Milton Park 4 Jul-01 Epson Data projector Visuals Y Milton Park 3 Nov-01 Cold room IAB 1329,I344 and I352

9 Air conditioning units, ducts and Milton Park 3 Nov-01 piping IAB 1329,I344 and I352 Milton Park 3 Nov-01 Furniture IAB 1329,I344 and I352 Mechanical services and co2 Milton Park 3 Nov-01 gases IAB 1329,I344 and I352 Milton Park 3 Nov-01 Circulating fume cupboad IAB 1329,I344 and I352

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