Amendment No. 1, dated April 23, 2020, to the At Market Issuance Sales Agreement, by and between Heat Biologics, Inc. and B. Riley FBR, Inc. dated April 3, 2019
AMENDMENT NO. 1 TO AT MARKET ISSUANCE SALES AGREEMENT
April 23, 2020
B. Riley FBR, Inc.
299 Park Avenue
New York, NY 10171
Ladies and Gentlemen:
Heat Biologics, Inc. (the Company) and B. Riley FBR, Inc. (the Agent) are parties to that certain At Market Issuance Sales Agreement dated April 3, 2019 (the Original Agreement). All capitalized terms not defined herein shall have the meanings ascribed to them in the Original Agreement. The parties, intending to be legally bound, hereby amend the Original Agreement as follows:
Reference to the Registration Statement in the Original Agreement shall refer to the shelf registration statement on Form S-3 (File No. 333-237808), originally filed with the Securities and Exchange Commission on April 23, 2020 (as the same may be amended from time to time, New Registration Statement), when the New Registration Statement is declared effective by the Securities and exchange Commission.
All references to April 3, 2019 set forth in Schedule 1 of the Original Agreement are revised to read April 3, 2019 (as amended by Amendment No. 1 to At Market Issuance Sales Agreement, dated April 23, 2020).
Except as specifically set forth herein, all other provisions of the Original Agreement shall remain in full force and effect.
This Amendment No. 1 to the At Market Issuance Sales Agreement shall become effective upon the date that the New Registration Statement is declared effective under the Securities Act.
Entire Agreement; Amendment; Severability. This Amendment No. 1 to the Original Agreement together with the Original Agreement (including all schedules and exhibits attached hereto and thereto and Placement Notices issued pursuant hereto and thereto) constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both written and oral, among the parties hereto with regard to the subject matter hereof. All references in the Original Agreement to the Agreement shall mean the Original Agreement as amended by this Amendment No. 1; provided, however, that all references to date of this Agreement in the Original Agreement shall continue to refer to the date of the Original Agreement.
Applicable Law; Consent to Jurisdiction. This amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to the principles of conflicts of laws. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan, for the adjudication of any dispute hereunder or in connection with any transaction contemplated hereby, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof (certified or registered mail, return receipt requested) to such party at the address in effect for notices to it under this amendment and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.
Waiver of Jury Trial. The Company and the Agent each hereby irrevocably waives any right it may have to a trial by jury in respect of any claim based upon or arising out of this amendment or any transaction contemplated hereby.
Counterparts. This amendment may be executed in counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same instrument. Delivery of an executed amendment by one party to the other may be made by facsimile transmission.
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If the foregoing correctly sets forth the understanding among the Company and the Agent, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding amendment to the Original Agreement between the Company and the Agent.
Very truly yours,
HEAT BIOLOGICS, INC.
/s/ Jeffrey A. Wolf
Jeffrey A. Wolf
Chairman, Chief Executive Officer & President
B. RILEY FBR, INC.
/s/ Patrice McNicoll
Co-Head of Investment Banking