October 8, 2018, Restated First Amendment to Purchase and Sale Agreement
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EX-10.2 3 ex10-2.htm
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) is made as of this __ day of March, 2018, by and between HEMISPHERX BIOPHARMA, INC., a Delaware corporation (the “Seller”), and 783 JERSEY AVENUE, LLC, a New Jersey limited liability company, successor-by-assignment to Capital Realty & Investment Co., LLC (the “Purchaser”).
WITNESSETH:
WHEREAS, Seller and Purchaser entered into a Purchase and Sale Agreement dated as of January 8, 2018 (the “Original Agreement”) with respect to the “Property” defined therein located at 783 Jersey Avenue, New Brunswick, New Jersey; and
WHEREAS, Seller and Purchaser have agreed to amend the Original Agreement as set forth in this Amendment.
NOW, THEREFORE, In consideration of the mutual covenants and agreements set forth herein, for valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:
ARTICLE I. definitions
All capitalized terms not defined in this Amendment shall have the meanings ascribed to them in the Original Agreement. All references to the “Agreement” contained in this Amendment and in the Original Agreement shall hereafter be deemed to refer to the Original Agreement, as modified and amended by this Amendment. The Recitals above shall be a part of this Amendment, and are incorporated by reference.
ARTICLE II. Amendment of original agreement
| 2.1 | Purchase Price. Section 2.1 of the Original Agreement is hereby modified to increase the Purchase Price to FOUR MILLION EIGHTY THOUSAND AND 00/100 DOLLARS ($4,080,000.00). |
| 2.2 | Inventory of Personal Property. Exhibit B-1 attached to the Original Agreement is hereby replaced with Exhibit B-1 attached to this Amendment. |
| 2.3 | Seller Lease. Exhibit B-3 attached to the Original Agreement is hereby replaced with Exhibit B-3 attached to this Amendment. |
| -1- |
ARTICLE III. MISCELLANEOUS
| 3.1 | Other Provisions Unaffected. Except as modified hereby, all other provisions of the Original Agreement shall remain in in full force and effect, unmodified by this Amendment, and are hereby fully ratified, confirmed and adopted by Purchaser and Seller. |
| 3.2 | Entire Agreement. The Original Agreement, as modified by this Amendment, together with the Exhibits hereto, constitutes the entire understanding between the parties with respect to the Transaction and all prior agreements, understandings, representations and statements, oral or written, are merged into this Amendment. |
| 3.3 | Governing Law. This Amendment shall be governed by, and construed in accordance with, the law of the State of New Jersey. |
| 3.4 | Severability. If any term or provision of this Amendment or the application thereof to any persons or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Amendment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Amendment shall be valid and enforced to the fullest extent permitted by Law. |
| 3.5 | Counterparts. This Amendment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same agreement. Any executed counterpart delivered by electronic mail or telephone facsimile shall have the same force and effect as an original counterpart. |
[REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]
| -2- |
IN WITNESS WHEREOF, each party hereto has caused this Amendment to be duly executed on its behalf on the day and year first above written.
| SELLER: | ||
| HEMISPHERX BIOPHARMA, INC. A Delaware corporation | ||
| By: | /s/ Wayne Springate | |
| Name: | Wayne Springate | |
| Title: | Sr. VP of Operations | |
| PURCHASER: | ||
| 783 JERSEY AVENUE, LLC, a New Jersey limited liability | ||
| By: | Kerron, LLC, a New Jersey limited liability company, an authorized manager | |
| By: | /s/ Aaron T. Feiler | |
| Name: | Aaron T. Feiler | |
| Title: | Member | |
| -3- |
EXHIBIT B-1
INVENTORY OF PERSONAL PROPERTY
| RM# 129 | Equipment Description |
| HB# 2222 | Thermo Electron -70C Freezer |
| HB#2051 | Forma Scientific -70C Freezer |
| HB# 2262 | Thermo Electron -70C Freezer |
| HB#2294 | Thermo Electron -70C Freezer |
| HB#2261 | Thermo Electron -70C Freezer |
| HB#2223 | Thermo Electron -70C Freezer |
| HB# 2245 | Leer -20C Walk In Freezer |
| HB#3256 | VWR Symphony -70C Freezer |
| HB# 3346 | Whirlpool -20C Freezer |
| HB# 3255 | VWR Symphony -70C Freezer |
| HB# 2334 | Dometic -70C Freezer |
| HB# 3341 | Thermo Scientific -70C Freezer |
| HB# 3005 | Darwin Stability Refrigerator |
| HB# 3340 | Thermo Scientific -70C Freezer |
| HB# 2265 | Thermo Electron -70C Freezer |
| HB# 1995 | Magic Chef -20C Freezer |
| HB# 2333 | Dometic -70C Freezer |
| HB# 2244 | Leer -20C Walk In Freezer |
| HB# 3006 | VWR Humidity Stability Chamber |
| HB#2335 | Dometic -70C Freezer |
| RM #330 | Equipment Description |
| HB# 1958 | Forma Scientific Dry Incubator |
| HB# 3148 | Thermo Scientific Dry Incubator |
| HB# 3149 | Thermo Scientific Dry Incubator |
| HB# 1666 | SterilGARD Biological Safety Cabinet |
| HB# 1789 | SterilGARD Biological Safety Cabinet |
| HB# 1278 | Quebec Colony Counter |
| HB# 1997 | Met One Particle Counter |
| HB# 1779 | RCS Air Sampler |
| HB# 1260 | Leitz Microscope |
| RM#325 | Equipment Description |
| HB# 2221 | Thermo Electron -70C Freezer |
| HB# 1883 | Gibson -20C Freezer |
| HB# 2214 (Top & Bottom) | Forma Scientific Water Jacketed CO2 Incubator |
| HB# 3151/ HB#3150 | Thermo Scientific Water Jacketed CO2 Incubator |
| HB# 2231 | Mettler Toledo pH meter |
| HB#3207 | Thermo Scientific UV Spectrophotometer |
| HB# 3363 | Fisher Scientific Dry Incubator |
| HB#2186 | Mettler PM 200 Balance |
| B1-1 |
| RM 323 | Equipment Description |
| HB# 2343 | SterilGARD Biological Safety Cabinet |
| HB# 2344 | SterilGARD Biological Safety Cabinet |
| HB# 2282 | VWR Waterbath |
| HB#3174 | VWR Waterbath |
| HB#1204 | Wild M40 Microscope |
| N/A | DELL Computer for CPE Calculations |
| HB# 3283 | TRUE Refrigerator |
| HB# 3296 | TRUE Refrigerator |
| HB# 3168 | Fisher Depyrogenation Oven |
| HB# 3362 | Kenmore Freezer |
| RM 327 | Equipment Description |
| HB# 1131 | Forma Quick Glassware Dryer |
| HB# 2306 | Primus Sterilizer |
| HB# 2300 | Miele Professional Laboratory Equipment Washer |
| RM# 322 | Equipment Description |
| HB# 2330 | Tecan Plate Reader |
| HB# 1101 | Mettler Toledo Balance |
| Computer #55 | DELL Computer for Tecan Plate Reader |
| HB# 1228 | Bellco Glass Biological Safety Cabinet |
| HB# 3325 | Nuaire Biological Safety Cabinet |
| HB# 1289 | Bausch & Lomb Microscope |
| HB# 1127 | Beckman Centrifuge |
| HB# 1631 | Titertek Plate Reader |
| HB# 3001 | Chromate Plate Reader |
| HB# 3404 | Plate Gyratory Shaker |
| Computer # 54 | DELL Computer for CPE Calculation |
| RM#324 | Equipment Description |
| HB# 3054 | VWR Waterbath |
| HB# 1269 | Diavert Microscope |
| HB# 1205 | BioGARD Biological Safety Cabinet |
| HB# 3262/ 3263 | Forma Scientific Water Jacketed CO2 Incubator |
| HB# 3291 | SANYO Water Jacketed CO2 Incubator |
| HB#1255 | Bransonic Sonicator |
| RM#310 (SSI) | Equipment Description |
| HB# 2353 | Millipore Filter Integrity Tester |
| HB# 2354 | Guava Cell counter |
| HB# 2251 | Mettler Toledo Balance |
| HB# 3154 | Fisher Scientific IsoTemp Water Bath |
| HB# 2345 | SterilGARD Biological Safety Cabinet |
| HB# 1646 | Sorvall Centrifuge |
| HB# 1677 | Waterbath |
| B1-2 |
| RM #226 | Equipment Description |
| HB# 3349 | Sievers M-9 TOC Analyzer |
| Computer #53 | DELL Computer for TOC Analyzer |
| HB# 3232 | Mettler Toledo Conductivity Meter |
| HB#3332 | Mettler Toledo Conductivity Meter |
| HB# 2104 | Fisher Scientific Oven |
| HB# 3098 | Desiccator |
| HB# 2347 | Glas-Col Heating Mantle |
| HB# 2346 | Maflar Furnace |
| HB# 1498 | Sartorius Balance |
| HB# 1502 | UV-160 Shimadzu UV Spectrophotometer |
| HB# 1776 | Perkin Elmer 1420 Infrared Spectrophotometer |
| HB# 1589 | Fume Hood |
| RM# 225 | Equipment Description |
| HB#2359 | Agilent HPLC |
| HB# 1824 | RCA Refrigerator |
| HB# 2172 | Agilent HPLC |
| HB# 3008 | Agilent GC |
| HB# 3372 | Advance Osmometer |
| Computer #47 | DELL Computer for HPLC & GC |
| HB#1888 | Savant Speed Vac |
| RM#218 | Equipment Description |
| HB# 2212 | Bally Walk In Refrigerator |
| HB# 1919 | Frigidaire -20C Freezer |
| HB#3369 | Eppendorf Centrifuge |
| HB# 2215 | Edge Gard Hood |
| HB# 2216 | Edge Gard Hood |
| HB# 2274 | Denver Conductivity Meter |
| HB# 1518 | Shimadzu Densitometer |
| HB# 2283 | Brookfield Viscometer |
| HB# 2291 | JASCO CD Spectrophotometer |
| HB# 2289 | Mettler Toledo pH meter |
| HB# 3146 | VWR Viscometer (waterbath) |
| HB# 2340 | Malvern GPC |
| HB# 2227 | Precision Waterbath |
| HB# 2275 | Beckman HPLC |
| HB# 2242 | Beckman HPLC |
| HB# 2318 | Beckman Microfuge 12 |
| Computer # 48 | DELL Computer for JASCO CD |
| Computer # 49 | IBM Computer for Beckman HPLCs |
| Computer # 50 | DELL Computer for GPC |
| B1-3 |
| RM#221 | Equipment Description |
| HB# 3299 | Labconco Freezer dry System |
| HB# 3417 | UVP UVGL-58 Paper Chromatography |
| HB# 3448 | Fotodyne Gel Imaging System |
| HB#2277 | Beckman Ultracentrifuge |
| HB# 2246 | Beckman Ultracentrifuge |
| HB# 2188 | Mettler Toledo Balance |
| HB# 2187 | Mettler Toledo Balance |
| HB# 1588 | Labconco Hood |
| HB# 3152 | Mettler Toledo Karl Fisher |
| HB# 2349 | UVP Gel Imaging System |
| Computer #33 | ACER Computer for UVP |
| Computer #44 | IBM Computer for Beckman |
| Computer #44 | IBM Computer for Beckman |
| RM# 222 | Equipment Description |
| HB# 1799 | Fisher Scientific Incubator |
| HB# 3046 | Thermo Scientific Nanodrop |
| HB# 2219 | Sartorius Balance |
| HB# 3274 | Sorvall Centrifuge |
| HB# 3002 | Horiba Spectrofluorometer |
| HB# 1894 | GE Refrigerator/Freezer |
| HB# 3430 | Centromix Microcentrifuge |
| HB# 3438 | Pharmacia Electrophoresis Power Supply |
| HB# 3185 | Invitrogen Electrophoresis Power Supply |
| HB# 1507 | Thermolyne Heating Block |
| HB# 1800 | Thermolyne Heating Block |
| HB# 3067 | Fisher Scientific Heating Block |
| HB# 1908 | Bio Rad Electrophoresis Power Supply |
| HB# 3432 | Bio Rad Electrophoresis Power Supply |
| HB# 2289 | Benchmark Shaker |
| HB# 3433 | Labline Plate Rotator |
| Computer #46 | Dell computer for Horiba Spectrofluorometer |
| RM #130 | Equipment Description |
| HB# 2174 | Ludlum Geiger Counter |
| HB# 3350 | Ludlum Geiger Counter |
| HB# 1593 | Fume Hood |
| RM#131 | Equipment Description |
| HB# 2005 | Sorvall Centrifuge |
| N/A | Controlled Environment Incubator Shaker |
| HB# 3300 | GE Freezer |
| HB# 1891 | Admiral Double door Refrigerator |
| Polymer Manufacturing | Equipment Description |
| HB# 3317 | Thermo Scientific Liquid Nitrogen Tank |
| B1-4 |
Administrative Offices (Inventory List)
| ● | Front Office Conf. Rm- Chairs-7, Desk-1, Phone-1, Chalkboard-1 Table-1 | |
| ● | Front Rec Area - Chairs-3, Desk-1, Phone-1 , File Cabinets-2, Scanner-1/(Fujitsu), Monitor-1, Laptop-1/(#LT-02), Shredder-1/(Fellowes), Glass Table-1 | |
| ● | Open Area Chairs-3, Desk-1 (with 2 corner extensions), Printer-1/(Sharp MX-624ON), Shredmaster-1/(6550X), File Cabinets-5, Bulletin Boards-2, Monitors-3, Computers-3 (#76, # 12, no #) | |
| ● | Open Area/Back) File Cabinet-1, Mail slots/For employees/(Large) | |
| ● | Rm 107 Chairs-2, Desks-2, Monitors-3, Computer-1 (#15), Laptops-2 (#lt-07), (Laptop #36), File Cabinets-2 | |
| ● | Rm-104 Chairs-2, Desks-2, Monitors-2, Computer-1(#16), Laptop-1(#93), Phones-2, File Cabinets-2, DVD Player/(Samsung), Laminating Machine-1 (Royal Sovereign) | |
| ● | Rm-108 File Cabinets-7 | |
| ● | Rm-114 File Cabinets-28 | |
| ● | Rm-115 File Cabinets-15 | |
| ● | Rm-117 Chairs-2, Desks-3, Monitor-1, Laptop-1/(#79), Phone-1, File Cabinets-2 | |
| ● | Rm-118 Chairs-2, Desks-2, Computer-1(#35), File Cabinet-1, Phone-1, Bulletin Board-1 | |
| ● | Rm-119 Chairs-2, Desk-1(with 2 corner extensions), File Cabinets-2, Monitor-1, Laptops-3/Computer #73, (no #’s for the other 2, Phone-1 | |
| ● | Rm-120 Chairs-2, Desk-1 (with 2 corner extensions), Monitor-1, Laptop-1/(computer# 69), File Cabinet-1 Phone-1 | |
| ● | Rm-121 Chairs-2, Desk-1 (with 2 corner extensions), Phone-1, File Cabinets-2, Monitor-1, Computer-1 (#14) Printer-1 (MFC-8480DN) | |
| ● | Rm-122 Chairs-2, Desk-1(with -2 corner extensions), Phone-1, Printer-1, Monitor-1 Laptop(no #) | |
| ● | Rm-205 Chairs-2, Desk-1(with 2 corner extensions) Phone-1, File Cabinets-3, Monitor-1, Printer-1 | |
| ● | Rm-206 Chairs-2, Desk-1 (with 2 corner extensions) Phone-1 File Cabinets-2, Monitor-1, Laptop-1, Printer-1, Bulletin Boards-2 , Small cart-1 | |
| ● | Rm-207 Chairs-2, Desk-1 (with 2 corner extensions) Phone-1 File Cabinets-3, Monitor-1, Laptop-1,(Computer #78) | |
| ● | Rm-208 Chairs-5, Desk-1, Table-1, Phone-1, File Cabinets-1, Monitor-1, Laptop-1,(no #), Printer-1 | |
| ● | Rm-209 Chairs-3, Desk-1, File Cabinets-3, Cart-1, Phone-1, Monitor-1, Laptop-1(Computer #29), Bulletin Board-1 | |
| ● | Rm-214 Chairs-7, Desks-2, Table-1, Phone-1 | |
| ● | Upstairs Conf Area/Open…….Chairs-8, Table-1, File Cabinets-8, Phone-2/(wall mounted), Lockers-18 | |
| ● | Upstairs Conf Rm-502 Chairs-17, Table-3/(1 Large/2 Small), Sofa-1, File Cabinets-3, Polycom-1, Printer-1/(Brother MFC-9460CDN), Flatscreen TV,(Panasonic)-1, Presentation Board-1, Large Chalkboard-1, Bullentin Board-1, Extra Cabinets-2/wood | |
| ● | Rm-503- Chairs-6, Table-1, Sharp TV-1, Large Cart-1, Presentation Board/Chalkboard-1, Bulletin Board-1 | |
| ● | Boiler Area Chair-1, Desk-1, File Cabinet-1, Phone-1, Monitor-1, Laptop-1(no #), | |
| ● | Rm-604 Chairs-3, Desks-3, Monitors-4, Phone-1, File Cabinets-2, Laptops-2/(no #’s), Computer-1(#13), Bulletin Board-1 | |
| ● | Rm-605 Chairs-3, Desks-2, Phone-2, FileCabinet-1,Computer-1(no #), Laptop-1(no #) | |
| ● | Rm-606 Printer-2/(Hp Officejet 7310,), (Ricoh SPC410DN)/ Monitors-4, Phone-1, Laptops-2/(#40/no # for other laptop), Computer-8 (#42, #11, #61,#22, #37, #25, #31,/no # ) | |
| ● | Rm-607 Desk-1, Phone-1, Bulletin Boards-3, Printer-1/(Hewlett Packard Design Jet 750C Plus Plotter | |
| ● | Rm 608 Desk-1, Phone-1, Chairs-3, Bulletin Boards-2, mail slots-2/small | |
| ● | Rm-609 Desks-2, Chairs-2, File Cabinets-3, Laptops-3(computer # 21/no # for the other 2), Computer-10 (#33, #60, #26, #30, #22, #10, #9, #28, #8, #27), Servers-6 | |
| ● | Rm-610 Chairs-3, Desks-2, Phone-1, File Cabinets-4,Monitors-2, Bulletin boards-2, Laptop-1(no #) | |
| ● | Rm-611 Chairs-10, Desk-1, Bulletin boards-2, Phone-1 File cabinets-2, Laptops-3/(computer# 26/no #’s for the other 2) | |
| ● | Rm -612 Chairs-4, Desk-1, Phone-1, File Cabinets-4, Bulletin board-1 | |
| ● | Rm-613 Chairs-2, Desk-1, File cabinets-6, Phones-2, Printer-1(Hp), Laminating Machine/(Epson 4490 Photo Perfection, Monitors-11, Computer-12 (#17, #7, #77, #75,#2, #19, #3., #4/the other 4 no #’s) |
| B1-5 |
| B1-6 |
| B1-7 |
EXHIBIT B-3
FORM OF SELLER LEASE
[Attached]
