Amendment No. 1 to Loan and Security Agreement between Cytokinetics, Inc. and Comdisco, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment updates the original Loan and Security Agreement dated December 16, 1999, between Cytokinetics, Inc. and Comdisco, Inc. It incorporates a new Exhibit B, listing specific equipment and assets that are now included as collateral under the agreement. All other terms of the original loan remain unchanged and in effect. The amendment is effective as of June 29, 2000, and is signed by both parties' authorized representatives.

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EX-4.7 8 f95504a1exv4w7.txt EXHIBIT 4.7 EXHIBIT 4.7 Amendment No. 1 to Loan and Security Agreement This Amendment Agreement No. 1 ("Amendment") to the Loan and Security Agreement dated as of December 16, 1999 is entered into this 29 Th day of June, 2000 by and between Cytokinetics, Inc., a California corporation, with its chief executive offices and principal place of business at 280 East Grand Avenue, Suite 2, South San Francisco, CA 94080 ("Borrower") and Comdisco, Inc., a Delaware corporation, with its chief executive offices and principal place of business at 6111 North River Road, Rosemont, IL 60018 ("Lender"). RECITALS WHEREAS, PURSUANT to the terms and conditions set forth in the Loan and Security Agreement dated as of December 16, 1999 between Borrower and Lender (hereinafter, "Loan Agreement"), the parties have entered into that certain Secured Promissory Note dated June 29, herewith (the "Note(s)") whereby for value received, Borrower promises to pay certain payments to Lender in the original principal amount of Six Hundred Twenty Seven Thousand Five Hundred Thirteen and 27/100 Dollars ($627,513.27); WHEREAS, IN connection with the issuance of the Note, Lender and Borrower wish to amend the Loan Agreement to include the Exhibit B as required under the Loan Agreement. AGREEMENT NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, Borrower and Lender hereby agree as follows: 1. Except as expressly set forth herein, all terms used herein shall have the meanings set forth in the Loan Agreement. 2. Borrower and Lender agree that the Exhibit B attached hereto shall be incorporated and made a part of the Loan Agreement and the equipment described thereon shall be "Equipment" as set forth in the Loan Agreement. 3. Except as specifically amended hereby, the terms and conditions of the Loan Agreement are hereby reaffirmed and remain in full force and effect, and from and after the date hereof the "Agreement" shall mean the "Agreement" as amended by this Amendment. 4. This Amendment may be executed in any number of counterparts, and by different parties hereto in separate counterparts, each of which when so delivered shall be deemed an original, but all of which counterparts shall constitute but one and the same instrument. 1 IN WITNESS WHEREOF, Borrower and Lender have duly executed and delivered this Amendment as of the day and year first above written. BORROWER CYTOKINETICS, INC Signature: /s/ JAMES SABRY ---------------- Print Name: JAMES SABRY Title: CEO ACCEPTED IN ROSEMONT, ILLINOIS LENDER COMDISCO, INC. Signature: _________________________ Print Name: ________________________ Title: _____________________________ 2 EXHIBIT B CYTOKINETICS SCHEDULE OF FIXED ASSETS
INVOICE DATE VENDOR DESCRIPTION INVOICE # SERIAL NO. QTY - ----------------- ------------------ -------------------------- ---------- ------------------------------------ --- COMPUTER HARDWARE 09/03/99 Dell Dell PIII 500K GX1/ ###-###-#### 4UJ1W 5 09/03/99 Dell Dell 6450 PIII/MT 27322227 4UJ20 2 09/08/99 The Computer Guys HP Procurve Switch 4000M 11485 SG92602333,SY1899,SY1699,000AJ14D767 09/21/99 The Computer Guys HP NetServer E60 11558 US93300835 09/24/99 Dell G810 21" Monitor 280963745 QI93098826,QI93098830,QI93098834 3 09/28/99 The Computer Guys Shiva Lanrover/E 11592 PE 13005984 1 10/05/99 Dell Dell 6450 PIII/MT ###-###-#### 6HVIQ 1 10/06/99 Dell Dell PIII 500K GX1/ ###-###-#### 6JMA6 2 10/08/99 Dell G810 21" Monitor ###-###-#### QI91584578 1 10/14/99 Dell Inspiron 3500 A366GT 280591603 V3TG3 1 10/19/00 Dell Dell PIII 500K GX1/ ###-###-#### 7BA1L,7BA1S,7BA1X,7BA20,7BA21 5 10/29/99 Dell G810 21" Monitor ###-###-#### n/a 1 11/04/99 Dell Dell PIII 500K GX1/ ###-###-#### 815TD;815TJ;815TM;815TR;815TY 5 11/08/99 The Computer Guys HP Laser Jet 4050N 11958 USQC054318 1 11/09/99 The Computer Guys IOMEGA Zip 100MB External 11971 n/a 1 11/10/99 The Computer Guys HP NetServer LH4r Xeon 500 11975 n/a 1 11/22/99 The Computer Guys HP Laser Jet 5000N 12111 n/a 1 12/21/99 Dell Dell PIII 500K ###-###-#### BU1R6; BU1R8; BU1R9; BU1RB;BU1D1 5 12/23/99 Dell Dimension 500MHZ,PIII ###-###-#### 1 12/23/99 Dell Dell 500PIII/M ###-###-#### CODIJ;CODIQ;CODIW;CODIZ 4 01/06/00 The Computer Guys HP 18.2 Ultra 2 SCSI 12396 n/a 5 01/07/00 Dell Dell PIII GX1/T+Base W/4MB ###-###-#### CLHV3;CLHV5;CLFV7;CLHV8;CLHVA 5 01/17/00 Dell Dell 500PIII/M ###-###-#### CZUPL;CZUPP;CZUPS;CZUPV 4
INVOICE DATE VENDOR DESCRIPTION INVOICE # SERIAL NO. QTY - ----------------- ------------------ ------------------------------- ---------------- ----------- --- Computer Software 09/27/99 The MathWorks Neural Network - Windows 99030491 n/a 3 10/12/99 The Computer Guys Microsoft Project98 11710 n/a 5 11710 n/a 2 11710 n/a 1 11/15/99 Rogue Wave DBTools.h++Core Library for V 38386 n/a 1 38386 n/a 1 38386 n/a 1 38386 n/a 1 38386 n/a 1 38386 n/a 1 38386 n/a 1 38386 n/a 1 11/29/99 MathSoft S-PLUS 2000 Professional for 82855-327270 n/a 2 12/28/99 InforMax, Inc. Adv.Supp. Renewal for 2 Licer 4038 ASR n/a 1 01/03/00 IDBS Activity Base - HTSProject 30200 n/a 1 01/04/00 The Computer Guys Microsoft MOLP-A 12379 n/a 25 12379 n/a 25 01/06/00 MDL Inform Systems, Sculpt for windows 95/98/NT4 01.06.00 OCN00049069 1 [ILLEGIBLE] 01/10/00 MDL Inform Systems, Sculpt for windows on CD 706917 OCN00554031 1 [ILLEGIBLE] 01/18/00 Applikon Bioexpert Windows NT Softwa 00042/310550 n/a 1
INVOICE DATE VENDOR DESCRIPTION INVOICE # SERIAL NO. QTY - ---------- ---------------------- --------------------------- ---------- --------------------------------------- --- EQUIPMENT 08/18/99 Composite Rotor Centrifuge Sorval 6000rmp 0007224-IN #7224,#7226 22794E2NTRC8,100000283,S01443,22794E2NT 08/28/99 PE Biosystems Geneamp 5700 SEQ DET Syst 90451346 RC8 09/10/99 Beckman Coulter Multimek 96,200UL 413325FT01 09/16/99 Hudson Control Group Platecrane 200100 6626 #11139-152 09/21/99 BMG Labtechnologies POLARstar Galaxy ###-###-#### 10/07/99 CCS Packard Standard Deck Plate 04-10-1485 10/12/99 Microsource Discovery Killer Plates 94841 10/29/99 Hudson Control Group Platecrane 200100 6641 #11139-163 10/25/99 Linc-Quantum HP-G1948A 1100 API 71170 US08410901 1 10/30/99 Li-Cor Global IR2 DNA Sequencer 6202 11/05/99 Comdisco Laboratory New Brunswick G27 Shaker 15779 11/12/99 Sanyo Sales & Supply Incubator ###-###-####-IN 90907519 1 [ILLEGIBLE] 11/17/99 MJ Research PTC-2200 65847 EN010448,EN010460 11/23/99 MJ Research ALD-1244 66140 12/13/99 CCS Packard Platetrak PTS-120799-03.2 03-12-1713 12/15/99 VWR Scientific Rotoraps ###-###-#### 12/16/99 VWR Scientific Pump,Syring Sage Mod ###-###-#### 1 12/30/99 Universal Imaging Corp Barcode Kit 7769 N781468, N895971 2 01/02/00 Sigma-Aldrich Lopap-Pharm (SC011-1 Kit) 92520726 1 01/03/00 VWR Scientific Pump 115V ###-###-#### KK081058 1 01/13/00 Universal Imaging Corp HTS SU310 7816 01/18/00 Bio-Rad Ultramark Reader 110-240V 176691 01/19/00 Marsh Biomedical Plate Estate Storage System 245011 666/659/371 1 01/27/00 Varian Prostar 210 SDM 1251025
INVOICE DATE VENDOR DESCRIPTION INVOICE # SERIAL NO. QTY - ---------- ------------------- ------------------------------ ---------- ---------------- --- FURNITURE 09/16/99 Corporate Interiors Worksurface 1262 n/a 09/23/99 Corporate Interiors Regular Herman Shelf/H Herm 1317 A0520.1360, WR72 10/01/99 Corporate Interiors 67"Hx48"W Powered Panel 1296 (Rev) n/a 10/01/99 Corporate Interiors RA Stations 1348 n/a 10/11/99 Corporate Interiors BC Series Lab Stool w/Pneum 1339 n/a [ILLEGIBLE] 10/20/99 Corporate Interiors File Full Height Locking Pedes 1362 n/a 10/20/99 Corporate Interiors Ergonomic Clickit Arm w/Plata 1350 n/a [ILLEGIBLE] 10/20/99 Corporate Interiors 60"Herman Miller Tack Board 1340 n/a 10/21/99 Corporate Interiors 42"Four Drawer Locking 1331 n/a 01/03/00 Corporate Interiors 4'x30" Workstation 1380 n/a
INVOICE DATE VENDOR DESCRIPTION INVOICE # SERIAL NO. QTY - ------------------ ----------------------- ---------------------------------- --------- ---------- --- TENANT IMPROVEMENT 10/13/99 Sprig Electric Install two 208V L(carat)NEMA circ 36273 n/a [ILLEGIBLE] 10/13/99 Sprig Electric Relocate power for equipment 36323 n/a 10/13/99 Sprig Electric Install furniture whips & pull 2- 36374 n/a [ILLEGIBLE] 10/13/99 Sprig Electric Repair flourescent lights 36384 n/a 10/21/99 Sprig Electric Replace high pressure fixtures 36429 n/a 01/12/00 Peninsula Security Svc Radionics Readykey 13815 n/a [ILLEGIBLE]