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EXHIBIT 10.14
CONTRIBUTION AGREEMENT
THIS CONTRIBUTION AGREEMENT (this "Agreement"), dated as of March 29,
1996, is made by and between IOMED, Inc., a Utah corporation ("IOMED"), and
Dermion, Inc., a Delaware corporation ("Dermion").
A. Dermion is a newly formed corporation, with no assets or liabilities as
of the date hereof.
B. IOMED desires to contribute certain assets to Dermion (the
"Contribution") in exchange for all of the issued and outstanding capital stock
of Dermion, all on their terms and subject to the conditions set forth in this
Agreement.
C. IOMED intends that the Contribution qualify as a nontaxable transfer
under Section 351 of the Internal Revenue Code of 1986, as amended (the "Code").
Accordingly, the parties hereto agree as follows:
1. Contribution of Assets. Upon execution of this Agreement:
(a) IOMED shall contribute to Dermion (i) the equipment set forth on
Exhibit A attached hereto (the "Equipment"), (ii) cash in the amount of
approximately **** (the "Cash"), (iii) all rights to receive royalties payable
by any person or entity with respect to the IOMED Technology (as defined below)
to the extent such royalties are payable in connection with the conduct by
Dermion of the Business (as defined below), and (iv) all books, records and
software necessary for the conduct by Dermion of the business of conducting
research with respect to or developing iontophoretic transdermal drug delivery
systems on its own behalf and/or on behalf of third parties, as such business
(the "Business") has previously been conducted by IOMED (the "Other Assets"). As
used herein, "IOMED Technology" means all right and interest of IOMED to and in
the following patents (including all substitutions, continuations,
continuations-in-part, divisions and renewals thereof, all letters patent
granted thereon, and all reissues, reexaminations and extensions thereof); ****
all of which have been licensed to IOMED pursuant to a **** Agreement, ****, by
and between IOMED and ****.
(b) IOMED shall contribute to Dermion certain intellectual property rights
by entering into a Patent License Agreement in the form of Exhibit B attached
hereto (the "License Agreement").
2. Issuance of Stock. In consideration for the assets contributed pursuant
to Section 1 above, upon execution of this Agreement Dermion will issue and
deliver Eight
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Hundred Thousand (800,000) shares of its validly issued, fully paid and
nonassessable Common Stock, $.001 par value per share, to IOMED (the "Shares").
3. DELIVERIES. Upon execution of this Agreement, the parties shall make the
respective deliveries set forth below:
(a) IOMED shall deliver to Dermion (i) possession of the Equipment, the
Cash and the Other Assets, (ii) a duly executed Xxxx of Sale in the form
attached hereto as EXHIBIT C (the "Xxxx of Sale") and (iii) a duly executed
License Agreement.
(b) Dermion shall deliver to IOMED (i) a duly executed certificate
representing the Shares, and (ii) a duly executed License Agreement.
4. REPRESENTATIONS AND WARRANTIES OF DERMION. Dermion hereby represents and
warrants to IOMED as follows:
(a) Dermion is a corporation duly organized, validly existing and in good
standing under the law of the State of Delaware.
(b) Dermion has full corporate power and authority to enter into this
Agreement and the License Agreement, and to carry out the transactions
contemplated hereby and thereby. The Board of Directors of Dermion has taken all
action required to authorize the execution, delivery and performance of this
Agreement and the License Agreement and the consummation of the transactions
contemplated hereby and thereby. This Agreement and the License Agreement each
has been duly and validly authorized, executed and delivered by Dermion, and
each constitutes a valid and binding obligation of Dermion enforceable against
it in accordance with its terms.
(c) The execution, delivery and performance by Dermion of this Agreement
and the License Agreement do not and will not (i) violate or breach the
certificate of incorporation or bylaws of Dermion, (ii) violate or conflict with
any applicable law, (iii) violate, breach, cause a default under or otherwise
give rise to a right of termination, cancellation or acceleration with respect
to (presently, with the giving of notice or the passage of time) any material
agreement, contract or instrument to which Dermion is a party or by which any of
its assets is bound, or (iv) result in the creation or imposition of any lien,
pledge, mortgage, claim, charge or encumbrance upon any assets of Dermion.
(d) No consent, authorization, license, permit, registration or approval of, or
exemption or other action by, any governmental authority or other person is
required in connection with Dermion's execution and delivery of this Agreement
or the License Agreement or with the performance by Dermion of its obligations
hereunder of thereunder, except in each case for any consent, authorization,
license, permit, registration or approval as have been obtained and remain in
full force and effect.
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(e) The authorized capital stock of Dermion consists of Four Million
(4,000,000) shares of Common Stock, $.001 par value per share, none of which are
issued and outstanding, and One Million (1,000,000) shares of Preferred Stock,
$.001 par value per share, none of which are issued and outstanding. The Shares
will, upon issuance pursuant to the terms of this Agreement, be duly and validly
authorized and issued, fully paid and nonassessable. Except as set forth in that
certain Stockholders' Agreement, dated of even date herewith, by and between
Dermion, IOMED, and Ciba-Geigy Corporation, a New York corporation acting
through its Pharmaceuticals Division, Dermion does not have outstanding any
rights (preemptive or other) or options to subscribe for or purchase, or any
warrants or other agreements providing for or requiring the issuance by Dermion
of, any of its capital stock or securities convertible into or exchangeable for
its capital stock.
5. Representations and Warranties of IOMED:
(a) IOMED is a corporation duly organized, validly existing and in good
standing under the law of the State of Utah.
(b) IOMED has full corporate power and authority to enter into this
Agreement, the License Agreement and the Xxxx of Sale, and to carry out the
transactions contemplated hereby and thereby. The Board of Directors of IOMED
has taken all action required to authorize the execution, delivery and
performance of this Agreement, the License Agreement and the Xxxx of Sale, and
the consummation of the transactions contemplated hereby and thereby. This
Agreement, the License Agreement and the Xxxx of Sale each has been duly and
validly authorized, executed and delivered by IOMED, and constitutes a valid and
binding obligation of IOMED enforceable against it in accordance with its terms.
(c) The execution, delivery and performance by IOMED of this Agreement and
the License Agreement do not and will not (i) violate or breach the articles of
incorporation or bylaws of IOMED, (ii) violate or conflict with any applicable
law, (iii) violate, breach, cause a default under or otherwise give rise to a
right of termination, cancellation or acceleration with respect to (presently,
with the giving of notice or the passage of time) any material agreement,
contract or instrument to which IOMED is a party or by which any of its assets
is bound, or (iv) result in the creation or imposition of any lien, pledge,
mortgage, claim, charge or encumbrance upon any assets of IOMED.
(d) No consent, authorization, license, permit, registration or approval
of, or exemption or other action by, any governmental authority or other person
is required in connection with IOMED's execution and delivery of this Agreement
or the License Agreement or with the performance by IOMED of its obligations
hereunder or thereunder, except in each case for any consent, authorization,
license, permit, registration or approval as have been obtained and remain in
full force and effect.
(e) IOMED is acquiring the Shares for investment for its own account and
not with a view to, or for resale in connection with, any public distribution,
and understands that such stock has not been registered under the Securities Act
of 1933, as amended (the "Securities
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Act"), by reason of a specific exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of
the investment intent as expressed herein.
6. Employees. Promptly following the execution hereof, Dermion agrees to
employ each of the IOMED employees named on Exhibit D attached hereto, at which
time such employees will cease being employees of IOMED. Such employment shall
be on such terms and conditions, and for such duration, as Dermion shall
determine in its absolute discretion.
7. Legends. Each certificate representing the Shares shall bear a legend
in substantially the following form:
THE SALE AND ISSUANCE OF THE SECURITIES REPRESENTED BY THE CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT"), OR UNDER THE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION.
THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR TRANSFERRED ONLY PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO AN
EXEMPTION FROM SUCH REGISTRATION REQUIREMENT, AND IN COMPLIANCE WITH
APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
Dermion shall reissue promptly certificates without such legend upon being
provided with an opinion of counsel or other evidence reasonably satisfactory to
Dermion to the effect that the securities proposed to be disposed of may
lawfully be so disposed without registration, qualification or legend.
8. Amendment. This Agreement may only be amended or supplemented by
written agreement of each party hereto.
9. Governing Law. The validity, interpretation, enforceability, and
performance of this Agreement shall be governed by and construed in accordance
with the law of the State of Delaware.
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10. Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
The parties have caused this Agreement to be duly executed as of the
date first above written.
IOMED, INC., a Utah corporation
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
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Title: Secretary
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DERMION, INC., a Delaware corporation
By: /s/ Xxx X. Xxxxxxxxxxx
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Name: Xxx X. Xxxxxxxxxxx, Ph.D.
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Title: President and CEO
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EXHIBIT A
R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
OWNED EQUIPMENT PRIOR TO AGREEMENT
1 X. Xxxxx office HP Laser Jet 4M printer, s/n JPBH027487
1 B. Leaf office Cal Comp drawing board
1 B. Leaf office Cal Comp plotter
1 B. Leaf office portable tape backup system
1 B. Leaf office PWC pc, Arche monitor, keyboard
1 Electronics Lab 15 drawer Lista storage unit, xxxx
2 Electronics Lab 386 PC Systems
1 Electronics Lab 486 Computer system 18082
2 Electronics Lab 486 Computer system 18961
1 Electronics Lab 486 Computer system 19064
1 Electronics Lab 486 Computer system 19270
1 Electronics Lab 486 Computer system 19503
1 Electronics Lab 5 drawer Lista storage unit & bench with top & light
1 Electronics Lab 6 drawer Xxxxxxx mechanics tool chest
3 Electronics Lab Blue stools
1 Electronics Lab xxxxx folding table
1 Electronics Lab ClearView Stereo Microscope
1 Electronics Lab Conductive element test fixture
1 Electronics Lab Current Density meter
1 Electronics Lab Fluke 45 Digital Multimeter s/n 5535049
1 Electronics Lab Fluke 45 Digital Multimeter s/n 5650100
1 Electronics Lab xxxx stack chair
1 Electronics Lab xxxx storage cabinet
1 Electronics Lab IOMEGA Tape 250 tape backup
1 Electronics Lab lt. xxxx metal bookcase
1 Electronics Lab Metcal Soldering system s/n 6E 10610
1 Electronics Lab Mod Tap SLT3 Continuity Checker
1 Electronics Lab National Instruments GPIB 1284CT s/n 05404
1 Electronics Lab Oscilloscope Tektronix 2246 s/n B044878
1 Electronics Lab wood bench
1 extra office Mac IIsi, Radius 0277 monitor, keyboard
1 Lab Blue M OV-610A-3 oven
1 Lab Brookfield digital viscometer DV-I
1 Lab Brookfield EX-100 constant temp. water bath
1 Lab Xxxxxxxx XX welder
1 Lab Electrode welder/assembler
1 Lab Film wet casting doctor blade
1 Lab Lab Scale drying machine
5 Lab Misc welding fixtures, dies
asst Lab Misc. pneumatic nozzles, chucks, hoses
1 Lab Parastaltic pump & disp. processor
1 Lab Simco static APMB eliminator
2 Lab storage racks, 4' x 2' x 12'
40 Lab Ubbelohde viscometers
1 Large office Mac II computer, MO400 monitor, keyboard
1 Large office Mac IIcx, M0400 monitor, keyboard
1 Large office Max IIcx, Radius monitor, keyboard
1 Large office Mac IIsi, Radius monitor, keyboard
1 Lunch room Magic Chef refrigerator
1 Lunch room Sharp Carousel II microwave oven
1 Lunch room water dispenser
1 X. Xxxxx office Mac IIci, RGB monitor, keyboard
1 X. Xxxxx office Samsung refrigerator
1 Machine shop 12" XXX impulse welder #TIFS-300
1 Machine shop 16" paper cutter
1 Machine shop 2 door adjustible shelf storage cabinet
1 Machine shop 20" paper cutter
1 Machine shop 30" paper cutter
1 Machine shop 5 gallon pressure vessel
1 Machine shop 5 shelf storage rack
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
OWNED EQUIPMENT PRIOR TO AGREEMENT
1 X. Xxxxx office HP Laser Jet 4M printer, s/n JPBH027487
1 B. Leaf office Cal Comp drawing board
1 B. Leaf office Cal Comp plotter
1 B. Leaf office portable tape backup system
1 B. Leaf office PWC pc, Arche monitor, keyboard
1 Electronics Lab 15 drawer Lista storage unit, xxxx
2 Electronics Lab 386 PC Systems
1 Electronics Lab 486 Computer system 18082
2 Electronics Lab 486 Computer system 18961
1 Electronics Lab 486 Computer system 19064
1 Electronics Lab 486 Computer system 19270
1 Electronics Lab 486 Computer system 19503
1 Electronics Lab 5 drawer Lista storage unit & bench with top & light
1 Electronics Lab 6 drawer Xxxxxxx mechanics tool chest
3 Electronics Lab Blue stools
1 Electronics Lab xxxxx folding table
1 Electronics Lab ClearView Stereo Microscrope
1 Electronics Lab Conductive element test fixture
1 Electronics Lab Current Density meter
1 Electronics Lab Fluke 45 Digital Multimeter s/n 5535049
1 Electronics Lab Fluke 45 Digital Multimeter s/n 5650100
1 Electronics Lab xxxx stack chair
1 Electronics Lab xxxx storage cabinet
1 Electronics Lab IOMEGA Tape 250 tape backup
1 Electronics Lab lt. xxxx metal bookcase
1 Electronics Lab Metcal Soldering system s/n 6E 10610
1 Electronics Lab Mod Tap SLT3 Continuity Checker
1 Electronics Lab National Instruments GPIB 1284CT s/n 05404
1 Electronics Lab Oscilloscope Tektronix 2246 s/n BO44878
1 Electronics Lab wood bench
1 extra office Mac IIsi, Radius 0277 monitor, keyboard
1 Lab Blue M OV-610A-3 oven
1 Lab Brookfield digital viscometer DV-1
1 Lab Brookfield EX-100 constant temp. water bath
1 Lab Xxxxxxxx XX welder
1 Lab Electrode welder/assembler
1 Lab Film wet casting doctor blade
1 Lab Lab Scale drying machine
5 Lab Misc welding fixtures, dies
asst Lab Misc. pneumatic nozzles, chucks, hoses
1 Lab Parastaltic pump & disp. processor
1 Lab Simco static APMB eliminator
2 Lab storage racks, 4' x 2' x 12'
40 Lab Ubbelohde viscometers
1 Large office Mac II computer, MO400 monitor, keyboard
1 Large office Mac IIcx, MO400 monitor, keyboard
1 Large office Mac IIcx, Radius monitor, keyboard
1 Large office Mac IIsi, Radius monitor, keyboard
1 Lunch room Magic Chef refrigerator
1 Lunch room Sharp Carousel II microwave oven
1 Lunch room water dispenser
1 X. Xxxxx office Mac IIci, RGB monitor, keyboard
1 X. Xxxxx office Samsung refrigerator
1 Machine shop 12" XXX impulse welder #TIFS-300
1 Machine shop 16" paper cutter
1 Machine shop 2 door adjustable shelf storage cabinet
1 Machine shop 20" paper cutter
1 Machine shop 30" paper cutter
1 Machine shop 5 gallon pressure vessel
1 Machine shop 5 shelf storage rack
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
1 Machine shop Alltrade hot melt glue gun
1 Machine shop AND Compact printer #AD-8117
1 Machine shop Arbor press
1 Machine shop Baldor sieve shaker
1 Machine shop Branson 125 Ultrasonic cleaner, s/n B-125-R
1 Machine shop Xxxxx & Xxxxxx micrometer #599-10-1
1 Machine shop Centurian overhead projector
1 Machine shop combination wrench set
1 Machine shop Craftsman 5 1/2" bench vise #51871
1 Machine shop Craftsman steel punch set
1 Machine shop crescent wrench set
1 Machine shop Cres-cor rolling storage rack #2001841
1 Machine shop Crown DC 300 Amp #DC300A
1 Machine shop CRP exhaust hood
1 Machine shop Delta belt/disc sander combo #31-340
1 Machine shop Delta Scroll saw #40-601
1 Machine shop Drill bit set, 1-60
1 Machine shop Drill bit set, 1/16" thru 1/2"
1 Machine shop Drill bit set, A-Z
1 Machine shop Xxxxxxx servo motor controller
49 Machine shop End mill cutters, various sizes
1 Machine shop Eureka 8 gallon wet/dry vacuum
1 Machine shop Filamatic vial filler #AB-8
1 Machine shop Filter Queen vacuum
1 Machine shop Foredom metal deburring bits
1 Machine shop Foredom metal grinding bits
1 Machine shop Foredom model #5B
1 Machine shop Holesaw set
1 Machine shop Xxxxxxx screen printing station
1 Machine shop Jet bench top drill press #JDP-11HS
1 Machine shop Xxxxxxx 16 drawer tool chest
2 Machine shop Kitchen-Aide mixers
2 Machine shop lab stools
16 Machine shop laser cut steel rule dies
1 Machine shop Makita cordless drill, #6070D
1 Machine shop Master heat gun #HG-501A
1 Machine shop Xxxx pneumatic air press
1 Machine shop Merlin express label maker
1 Machine shop Micro bench top lathe
2 Machine shop Milling machine drill chucks
1 Machine shop Milling machine parallel set 1/2" thru 1 5/8"
1 Machine shop Milling machine table clamp set
1 Machine shop Milling machine collet set RS 1/8" thru 7/8"
1 Machine shop Milwaukee 5650 router
1 Machine shop Mitutoyo calipers
1 Machine shop Mitutoyo dial test indicator #513-242
1 Machine shop Mitutoyo Digital micrometer #293-761
1 Machine shop Mitutoyo Digital spindle axis read-out
1 Machine shop Xxxxxx press injection molder
1 Machine shop Okidata 9 pin printer
3 Machine shop Omega microprocessor temperature controller #CN9121A
1 Machine shop Omega microprocessor thermometer switchbox #HH-20-SW
1 Machine shop Omega Microprocessor thermometer #HH21
1 Machine shop Orbit bench top vacuum former
1 Machine shop Precision square
1 Machine shop Rockwell 28-20C 14" band saw
1 Machine shop SA 2 pen strip chart recorder
1 Machine shop Xxxxxx-Tumico dial test indicator
1 Machine shop screwdriver set
1 Machine shop Sears 6 gallon wet/dry vacuum
1 Machine shop Shimpo digital rpm meter #DT-107
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
4 Machine shop Shop benches
3 Machine shop shop benches with risers
1 Machine shop Skil
1 Machine shop Skil 763 3/8" variable speed drill
7 Machine shop Small parts storage cabinets
1 Machine shop socket set
1 Machine shop Speedaire reserve storage tank
2 Machine shop Staco energy products variable auto transformer
40 Machine shop Steel punch set, 1/16" to 2 1/2"
68 Machine shop steel rule cutting dies
1 Machine shop Xxxxxxxx #479 manual rivet machine
1 Machine shop Sunex bench grinder #9605
1 Machine shop swing arm shop light
1 Machine shop XXX 18" impulse welder #TISF-450
10 Machine shop XXX 8" impulse sealers
24 Machine shop Thread taps, various thread sizes
1 Machine shop Xxxxxx XX Teach Pendant
1 Machine shop Toshiba robot system, #VSB001005YSA
1 Machine shop Toshiba SR controller
1 Machine shop Toshiba TSR program loader
1 Machine shop Trivac vacuum pump
1 Machine shop Vaco nut driver set
1 Machine shop Vacuum oven
19 Machine shop Various hand tools
1 Machine shop vise grip set
1 Machine shop Wood boring bit set #920864
1 Machine shop Yellow Xxxx #512 12 ton shop press
2 Machine shop "T" handle xxxxx wrench sets
1 Main lab 2001 Keyboard, Iomed 00350
1 Main lab Accumet 950, PH/ion meter, s/n 2819
3 Main lab Acid & solvent storage cabinets
1 Main lab All American 25X Electric pressure steam sterilizer
2 Main lab Animal cage racks
asst Main lab animal cages (shoeboxes)
1 Main lab Animal room humidifier
1 Main lab Balance table (granite)
8 Main lab Blue lab stools
1 Main lab Xxxxxxx mini Rotovaporizer
1 Main lab Cafranco stirring motor
20 sets Main lab Calibrating weights
1 Main lab CM-10 flourescence analysis cabinet, s/n 262937
1 Main lab Xxxx Xxxxxx hygrothermograph
1 Main lab Cryotome
7 Main lab Eppendorf pipetters
1 Main lab Epson equity II+, pc computer
6 Main lab faucet sets
1 Main lab fiberglass sink
1 Main lab Xxxxxx Scientific acid trap
2 Main lab Xxxxxx Scientific XF-300 balances
2 Main lab flammable storage cabinets
4 Main lab Fluke 73 multimeters
6 Main lab gas regulators
asst Main lab glassware
25 Main lab Xxxxxxxx syringes
asst Main lab Hardware clamps in ring stands
1 Main lab IEC Centra - 4B centrifuge, s/n 23731318
1 Main lab Kitchen aid food mixer
1 Main lab Konica 35mm camera
3 Main lab Lab carts
3 Main lab Lab Glassware drying racks
1 Main lab Labconco 4' fume hood
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
2 Main lab Labconco 4' fume hoods
2 Main lab Labconco 6' fume hood
1 Main lab LanGarde 400, UPS
1 Main lab LanGarde 900
1 Main lab Loop monitor & keyboard
1 Main lab Melting point apparatus
3 Main lab Metal storage cabinets, 4 shelves
1 Main lab Xxxxxxx XX 240 analytical balance, s/n
609/448-3000
2 Main lab Microwave ovens
1 Main lab Nikon N6006 camera
1 Main lab PH Meter
1 Main lab Phoresor Scope w/bartly 286 computer
1 Main lab Pipette washer/soaking bath
1 Main lab Precision penetrometer
1 Main lab Remington Rand locking file safe
1 Main lab Safety shower
1 Main lab Samsung refrigerator, small
1 Main lab Shaker bath
1 Main lab Solvent recycler
1 Main lab SSI Monitor
4 Main lab stainless steel sinks
1 set Main lab standard testing sieves
4 Main lab stirrer/heating plate
asst Main lab surgical instruments
1 Main lab Thermodyne Maxi Mix III
1 Main lab Trash compactor
1 Main lab Unison 1500, 1200
1 Main lab Unison DP 1000 unipower
1 Main lab vacuum pump assembly
2 Main lab Vortex mixers, Cat. S8225-1
1 Main lab YSI conductance meter, model 35
1 Network stuff Black Box Cable Scanner s/n 910611875
1 Network stuff Cayman Gator box CS s/n 105090
1 Network stuff Cayman Gator box CS s/n 105099
1 Network stuff Macintosh II Iomed # 00081
1 Network stuff Network server 486-50
4 Network stuff NetWorth Micro Hub
2 Network stuff Star Controller Phone Net Series 300
1 Shipping area Pelouze 70 lb. scale
1 Shipping area shipping table
1 Shipping area shipping tape dispenser
1 spare stuff extension ladder, orange
1 spare stuff green refrigerator
1 spare stuff ladder, wooden
1 spare stuff set heavy duty metal shelving
1 spare stuff Sharp carousel microwave
1 spare stuff shipping table (6 ft x 3 ft)
1 spare stuff storage cabinet, dk. xxxx
1 X. Xxxxxxxxx office Practical Peripherals PM04385 hard drive
1 X. Xxxxx office 486 DCPX-66 Clone CPU, Sony CPD-1430 monitor,
Alps keyboard
1 X. Xxxxx office circuit analysis software
1 B. Leaf office Mac Quadra 605 computer, Radius 0361 monitor,
keyboard
1 B. Leaf office NEC portable CD-rom reader
1 Electronics Lab American Reliance Programmable Power Supply s/n
23220025
1 Electronics Lab American Reliance Programmable Power Supply s/n
23220097
1 Electronics Lab Xxxxxxxx 2001/2001 Scan Digital Multimeter s/n
0584779
1 Electronics Lab Oscilloscope Fluke Pm 3394 s/n DM 554033
1 Electronics Lab QMS Laser Printer Iomed #00088
1 Electronics Lab Wavetek 395 Arbitrary Waveform Generator s/n
F94073939
1 X. Xxxx office Mac Quadra 650, Radius monitor, keyboard
1 Machine shop Air dimensions vacuum pump
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
1 Machine shop American ultraviolet UV curing system
1 Machine shop Xxxxxxx laminating machine
1 Machine shop Bridgeport Mill
1 Machine shop Xxxxxxxx PSTT stapler
1 Machine shop Mitutoyo digital read out #ALC-3705W
1 Machine shop Omega digital force meter, #DFG51-50
6 Machine shop Screen printing screens
1 Machine shop Servo x-axis power feed #140
1 Main lab Admiral frost free refrigerator, Iomed #00073
1 Main lab Alltech 345 solvent recycler for HPLC
1 Main lab A.C. Power Backup system (UPS)
1 Main lab Xxxxxxx High Performance Liquid Chromatograph system
1 Main lab Xxxx Xxxxxx hygrothermograph
1 Main lab Xxxx Xxxxxx hygrothermograph
Main lab Cornometer
1 Main lab Denver Inst. FX-3100 Balance
1 Main lab dishwasher
1 Main lab Distilled water system
3 Main lab Extended quenched standards
1 Main lab Xxxxxx BioTech FB 1001 electrophoresis system
1 Main lab Xxxxxx Scientific 2008 multi-electronic stirrer
1 Main lab Xxxxxx Scientific Q005 cooling/heating bath s/n 313584
1 Main lab Forma Scientific 3028 C02 incubator
1 Main lab Foxy 200 Fraction Collector s/n 62213002-793319
1 Main lab Xxxxxx autosampling system
1 Main lab High performance liquid chromatograph - Hot lab
1 Main lab Hitachi U-2000 Spectrophotometer, s/n 9005-030
1 Main lab HP 1200 c/pc Color Printer
1 Main lab HP 5890 Gas Chromatograph
1 Main lab Lipshaw electric model 1500, cryotome, s/n L-038
1 Main lab MIIII Q water system
1 Main lab Olympus stereo microscrope
1 Main lab Packard Instruments Tri-Carb 1500 LCS, includes dot-matrix printer
1 Main lab Premier Innovations lap-top PC, 6000
1 Reception area HP LaserJet 4Plus printer
1 Reception area Mac IIsi, 12" Monochrome monitor, keyboard
1 X. Xxxxxxxxx office Mac Performa 575 w/keyboard, s/n L04228H925Y
EQUIPMENT PURCHASED AFTER 6/30/95
1 back dock Xxxx phone system & VSR voice mail
1 Main lab Swipe card access system
1 Reception area Murata Muratec F-73 fax
1 Electronics Lab Xxxxxxxx 2000/2000 Scan Digital Multimeter s/n 0595951
1 Xxxxxx press & stand
1 High density switch system
1 507 Auto sampler
1 Ultralow temp freezer
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R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location
Item Description
FURNITURE & FIXTURES
1 X. Xxxxxx office 29" round table, oak veneer
1 X. Xxxxxx office 3 ft x 2 ft bulletin board
1 X. Xxxxxx office 4 ft x 3 ft white board
1 X. Xxxxxx office 5 ft bookcase, oak veneer, 5 shelf
1 X. Xxxxxx office 6 ft bookcase, oak veneer, 5 shelf
1 X. Xxxxxx office executive chair, rolling, xxxx
1 X. Xxxxxx office Filex filing cabinet, 4 drawer
1 X. Xxxxxx office secretarial chair, rolling, dk. blue
2 X. Xxxxxx office secretarial desk, 5 drawer
1 X. Xxxxx office Xxxxxxxx Xxxxxx lateral file cabinet, 2 drawer
1 X. Xxxxx office Xxxxxxxx Xxxxxx metal bookcase, 5 shelf
2 X. Xxxxx office chairs, stationary, blue
1 X. Xxxxx office Xxxx lateral file cabinet, 4 drawer
1 X. Xxxxx office credenza, oak
1 B. House office executive chair, rolling, blue
1 X. Xxxxx office executive desk, oak
1 X. Xxxxx office oak veneer printer stand, 2 shelves
2 X. Xxxxx office wood bookcase, 6 shelf
1 B. Leaf office Xxxxxxxx Xxxxxx file cabinet, 4 drawer
1 B. Leaf office bookcase, 3 shelf
1 B. Leaf office bookcase, 5 shelf
1 B. Leaf office computer table
1 B. Leaf office executive desk, rolling, dk. blue
1 B. Leaf office secretarial chair, xxxx
1 B. Leaf office secretarial chair, xxxx & black
2 B. Leaf office secretarial desk
9 Cubicles - R&D 18" dk. blue multi panel
2 Cubicles - R&D 18" xxxx panel
2 Cubicles - R&D 24" xxxx panel
2 Cubicles - R&D 30" dk. blue multi panel
8 Cubicles - R&D 30" light xxxx panel
4 Cubicles - R&D 35" x 23 1/2" x 26 1/2" xxxx desk tables
4 Cubicles - R&D 35" x 23 1/2" x 30" xxxx desk tables
4 Cubicles - R&D 50" x 23 1/2" x 30" xxxx corner desk tables
2 Cubicles - R&D xxxxx covered book shelves
8 Cubicles - R&D xxxx book shelves with lights
4 Cubicles - R&D xxxx covered book shelves
4 Cubicles - R&D rolling two drawer file cabinets
1 Electronics Lab 4 drawer Xxxxxxxx Xxxxxx file cabinet
1 extra office 4 ft cubicle worktop
1 extra office 4 ft uncovered bookshelf
1 extra office 5 ft covered bookshelf, med. xxxx
1 extra office 5 ft cubicle worktop
2 extra office 5 ft x 2 ft cubicle panels
2 extra office 5 ft x 5 ft cubicle panels
1 extra office Xxxxxxxx Xxxxxx file cabinet, 4 drawer
1 extra office Xxxxxxxx Xxxxxx metal bookcase, 6 shelf
1 extra office bulletin board
1 extra office drawing cabinet
1 extra office Hon file cabinet, 4 drawer
1 extra office secretarial chair, xxxx
1 X. Xxxx office 44" x 34" white board
1 X. Xxxx office computer table, oak veneer
2 X. Xxxx office secretarial chair, blue
1 X. Xxxx office secretarial desk
1 X. Xxxx office wooden bookcase, 6 shelf
2 Large office Xxxxxxxx Xxxxxx filing cabinet, 4 drawer
1 Large office Xxxxxxxx Xxxxxx storage cabinet
1 Large office APS external hard drive
2 Large office catalog shelving units
13
R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location Item Description
----------------- ---------------------------------------------------
1 Large office end table
3 Large office executive chair, rolling, blue
1 Large office Hon filing cabinet, 4 drawer
1 Large office rolling 2 drawer cubicle type filing cabinet
1 Large office secretarial chair
1 Large office secretarial desk
1 Large office secretarial desk
1 Large office secretarial desk
1 Large office stationary chair
2 Large office white boards
1 Large office Wooden bookcase, oak veneer, 4 shelf
1 Large office Wooden storage unit, 2 doors, 3 shelf
1 Library 3M overhead projector
1 Library Audio visual equipment cart
1 Library Audio visual screen
1 Library conference table
6 Library executive chair, blue
1 Library Kodak slide projector
2 Library secretarial chair, blue
2 Library stationary chair, blue
1 Library white board
4 Library wooden bookcase, 6 shelf
2 Library wooden bookcase, 7 shelf
2 Lunch room round lunch tables
5 Lunch room stationary chairs, blue
2 X. Xxxxx office Xxxxxxxx Xxxxxx filing cabinet, 4 drawer
1 X. Xxxxx office bulletin board
1 X. Xxxxx office computer desk
1 X. Xxxxx office executive chair, rolling, blue
1 X. Xxxxx office executive desk
1 X. Xxxxx office Hon filing cabinet, 2 drawer
2 X. Xxxxx office stationary chair, blue
2 X. Xxxxx office white board
1 X. Xxxxx office wooden bookcase, 3 shelf
1 X. Xxxxx office wooden bookcase, 5 shelf
1 Reception area xxxxx storage cabinet, 2 drawers, 2 shelves
2 Reception area Xxxx lateral file, 4 drawer
1 Reception area Cubicle sections, 2 short pieces
1 Reception area file cabinet, 2 drawer
1 Reception area folding table, xxxxx
1 Reception area Mita DC 4086 copier
1 Reception area reception desk w/right hand return
1 Reception area recycle bin
1 Reception area Ricoh 4000FL paper shredder
1 Reception area Secretarial chair
1 Reception area Secretarial desk, right hand return
1 Reception area Sharp Compet CS-2164F calculator
1 Reception area short supply cabinet
1 Reception area Xxxxx Xxxxxx XD4700 typewriter
1 Reception area tall supply cabinet
8 Shipping area chair, blue plastic, stacking
1 Shipping area Wesco filing cabinet, 4 drawer
1 spare stuff 10 ft x 4 ft wood table
1 spare stuff 3 ft x 2 ft bulletin board
1 spare stuff 30" round plastic table
3 spare stuff 4 ft x 3 ft white board, metal trim
1 spare stuff 5 ft x 4 ft white board, oak trim
1 spare stuff 6 drawer xxxxx locker
1 spare stuff 6 ft x 4 ft white board, oak trim
1 spare stuff arm chair, xxxx
1 spare stuff black executive chair, rolling
14
R&D EQUIPMENT
FIXED ASSET INVENTORY
RECORD SHEET
Qty Location
Item Description
1 spare stuff blue love seat
1 spare stuff blue stool
1 spare stuff Canon A-1 board copier
3 spare stuff xxxx storage cabinets
1 spare stuff Hon file cabinet, 4 drawer
1 spare stuff Hon lateral file, 2 drawer
1 spare stuff lateral file cabinet, 4 drawer
1 spare stuff plastic xxxx stack chair
1 spare stuff secretarial chair, xxxxx
1 spare stuff secretarial chair, xxxxx
1 spare stuff secretarial desk, 5 drawer, oak veneer
1 X. Xxxxxxxxx office Bookcase, 4 shelf, oak veneer
2 X. Xxxxxxxxx office chairs, stationary, blue
1 X. Xxxxxxxxx office Computer stand, oak veneer
1 X. Xxxxxxxxx office Executive desk, oak veneer
1 X. Xxxxxxxxx office Hon lateral file, 2 drawer
LEASEHOLD IMPROVEMENTS
1 Main lab Cabinets & countertops, 176' floor, 75' overhead
1 Electronics Lab wall mounted storage cabinets & countertops
15
EXHIBIT D
CONTRIBUTION AGREEMENT
BETWEEN IOMED, INC. AND DERMION, INC.
IOMED EMPLOYEES TO BE TRANSFERRED TO DERMION
*
