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 3480520 whose
address is 00 Xxxxxx Xxxx, Xxxxxxxx, Xxxxxx XX00 0XX (the "lessee"); and
(2) EUROPEAN VENTURE PARTNERS II ANNEX LIMITED, whose address is St Xxxx'x
Xxxx, Xxx Xxxxxx, Xx Xxxxxx, Xxxxxx XX0 0XX (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 Xxx 0000, 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/ X. Xxxxxx-Xxxxxx
----------------------------------------
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
Asset Date of
Asset Location Category* Invoice Asset Description Supplier Invoice #
-------------- --------- ------- ----------------------------------- ------------- ---------------
Chessel 5100V with 6 channels
Xxxxxx Xxxx 3 Dec-05 & memory card Xxxxx X 00000
Xxxxxx Xxxx 3 Dec-05 Recorder, Monitor & filter Amersham Y 59146888
Telephone
Xxxxxx Xxxx 3 Oct-05 Telephone system - cabling etc Systems Y TSS/I/121/05
Chromotography Column Amersham
Xxxxxx Xxxx 3 Aug-05 (Bioreliance) Biosciences Y 59132920
Revco Ultima II Series upright Y
Xxxxxx Xxxx 3 Jul-05 Freezer Xxxxxx SLS/85001438
Cryostorage Xxxxxxx, controller,
Xxxxxx Xxxx 0 Apr-05 vapour phase Jencons Y 00342287
Xxxxxx Xxxx 0 Apr-05 Immunospot Series 3A Analyzer CTL Y 1-040705
Web
Xxxxxx Xxxx 3 Mar-05 Bioneb Disruption System Scientific Y 89586
Xxxxxx Xxxx 3 Mar-05 Mini Prep Cell Bio-Rad Y 320/25008595
Xxxxxx Xxxx 3 Oct-04 340L Fridge Jencons Y 00332804
Xxxxxx Xxxx 3 Oct-04 Temperature monitoring system Jencons Y 00332804
BPG140/500.100/750 4 way Amersham
Cobra 3 Aug-04 Valve & accessories Pharmacia Y 47134089
Xxxxxx Xxxx 3 Jul-04 Refridgerators, cryostorage Jencons Y 00326524
Centramate cassette, quattro Pall
Xxxxxx Xxxx 3 May-04 Pump Corporation Y 4400465774
Xxxxxx Xxxx 3 Apr-04 Topcount, 2 detector Xxxxxx Xxxxx Y 5400128782
Xxxxxxxx
Xxxxxx Park 3 Feb-04 Bio-doc - It system Xxxxx Y 000000
Xxxxxx
Xxxxxx Xxxx 3 Dec-03 FL4 XXX Xxxxxxxxx X 00000000
Xxxxxx Xxxx 3 Dec-03 Guava Cytometer GRI Y PRO00455
Mastercycler Thermocycler -
Xxxxxx Xxxx 3 Oct-03 Eppendorf VWR Y 91614147
Xxxxxx Xxxx 3 Jun-03 Total Volume system Applikon Y 24713
2 x Heracell CO2 double Y
Xxxxxx Xxxx 3 May-03 Chamber Xxxxxx SLS/83001558
Y
Xxxxxx Xxxx 3 May-03 Herasafe Class II Cabinet Xxxxxx SLS/83001758
Y
Xxxxxx Xxxx 3 Apr-03 VAP 3 Unit Xxxxxx SLS/83001255
Radioactive Safety Equip, Y
Xxxxxx Xxxx 3 Apr-03 Eppendorff centrifuge AMS GT/0028/000085
5
Fluorometer & minicell adapter
Xxxxxx Xxxx 3 Mar-03 kit GRI Y PRO00403
Thermo Life
Xxxxxx Xxxx 3 Mar-03 Hybaid Instruments multiblock Sciences Y 842061
Biotechne Hepa & Microplate
Xxxxxx Xxxx 3 Feb-03 Strip Washer Jencons Y 00297563
Biorack Storage Unit, cryoguard,
Xxxxxx Xxxx 3 Feb-03 roller base SLS Y SI25515501
Hybaid Instruments 1 block MBS Thermo Life
Xxxxxx Xxxx 3 Jan-03 start up kit Sciences Y 836698
Y
Xxxxxx Xxxx 3 Jan-03 Legend Easy Set + accessories Xxxxxx SLS/82002705
Pall
Xxxxxx Xxxx 3 Dec-02 Quattro pump 1000S Corporation Y 000000
Xxxx
Xxxxxx Xxxx 3 Dec-02 Centramate Package 2 Corporation Y 361693
Autoimmun
Xxxxxx Xxxx 3 Nov-02 AID Elispot Reader System Diagnostika Y AR02114103
Xxxxxx Xxxx 3 Nov-02 Densitometer & accessories Xxx-Xxx X 000/00000000
Xxxxxxxx
Xxxxxx Xxxx 3 Oct-02 Pump X-000 Xxxxxxxxx X 00000000
Xxxxxx Xxxx 3 Sep-02 Protean IEF Cell Bio-Rad Y 320/22021752
MX FLII Optics Carrier &
Xxxxxx Xxxx 3 Sep-02 accessories Leica Y 93466724
Olympus microscope frame &
Xxxxxx Xxxx 3 Sep-02 accessories SLS Y SI24329001
AKTA FPLC system inc
Xxxxxx Xxxx 3 Aug-02 computer & printer Rodaris Y ROD/BV001
Shimadzu UV 2401 PC,
Xxxxxx Xxxx 3 Aug-02 Spectrophotometer etc Rodaris Y ROD/BV002
Washing machine, ice maker,
Xxxxxx Xxxx 3 Jul-02 accessories Jencons Y 00285909
Xograph film processor &
Xxxxxx Xxxx 3 Jun-02 accessories Xxxxxxx X XX/X000000
Xxxxxx Xxxx 3 Jun-02 Gene Pulser II & accessory Bio-Rad Y 320/22014464
Computer software - re Oncovex Xxxxxxxx
Xxxxxx Park 3 May-02 project Clinical
Ultrasonic Processor &
Xxxxxx Xxxx 3 Apr-02 accessories Jencons Y 280112
Xxxxxx Xxxx 3 Apr-02 Legend Easy Set Xxxxxx Y 4025561
Xxxxxx Xxxx 3 Xxx-00 Xxxxxxxxxx Xxxxxxx XXX X XX00000000
Xxxxxx Xxxx 3 Mar-02 Assorted analytical instruments Jencons Y 00278079
Miele Glass Washing Machine &
Xxxxxx Xxxx 3 Mar-02 accessories Jencons Y 00277895
Xxxxxx Xxxx 3 Mar-02 Lightbox, light table VWR Y 91115392
Scintillation counter & cell
Xxxxxx Xxxx 3 Mar-02 harvester Xxxxxxx X 00000
Xxxxxx Xxxx 3 Mar-02 Olympus Microscope plus eqpt SLS Y SI21324802
Xxxxxx Xxxx 3 Mar-02 Revco Elite Series Upright Xxxxxx Y 4024807
Xxxxxx Xxxx 3 Feb-02 Centrifuge 5417R VWR Y 91082496
Xxxxxx Xxxx 3 Feb-02 Minus 80 Freezer Y 4024006
Supply & install additional Cat5e Computers in
Xxxxxx Xxxx 3 Jan-02 outlets the City Y 4566
Red Box Fire
Xxxxxx Xxxx 3 Jan-02 Fire extinguishers Control Y 00000
Xxxxxx Xxxx 3 Jan-02 Installation of telephone system TSS Y I/014/02
Xxxxxx Xxxx 3 Jan-02 Fridges for labs Xxxx Xxxxx Y
Xxxxxx Xxxx 3 Jan-02 Equipment for labs - various Xxxxxx Y - contract
6
Xxxxxx Xxxx 3 Jan-02 Mastercycler gradient, Centrifuge VWR Y 91073201
Supply & installation of Cat5e Computers in
Xxxxxx Xxxx 3 Dec-01 outlets the City Y 0000
Xxxxxx Xxxx 3 Nov-01 Heracell incubator Xxxxxx Y 0004022020
Xxxxxx Xxxx 3 Oct-01 Refractometer Merck Y 90986449
Xxxxxx Xxxx 3 Oct-01 Herasafe Class II Cabinet HS12 Xxxxxx Y 0004020913
Xxxxxx Xxxx 3 Oct-01 Herasafe Class II Cabinet HS9 Xxxxxx Y 0004021019
XX-00 Xx xxxxx xxxxx &
Xxxxxx Xxxx 0 Aug-01 conversion kit Xxxxxx Y 0004020110
Xxxxxx
Xxxxxx Park 3 Aug-01 Facscalibur & accessories Xxxxxxxxx Y 010057564
Reservoir kit, Proflux basic unit
Xxxxxx Xxxx 3 Apr-01 & accessories Millipore X 00
Xxxxxx Xxxx 0 Xxx-00 X-000 X/X Xxxxx Oncovex Xxxxxx Y 0000000000
Spectrophotometer & cell ultra
Xxxxxx Xxxx 3 Mar-01 micro Merck Y 90812338
Xxxxxx Xxxx 0 Xxx-00 Xxxxxxxxx kit Oncovex Millipore Y 2106385
Xxxxxx Xxxx 3 Dec-00 Lucia IA DVC Camera Nikon UK Y 2042886
Xxxxxx Xxxx 3 Dec-00 Lucia DVC Camera accessories Nikon UK Y 2042688
UCL 3 Nov-00 Heracell Stacked Double Unit Xxxxxx Y
UCL 3 Nov-00 Olympus Microscope plus eqpt SLS Y
UCL 3 Oct-00 Heracell Stacked Double Unit Xxxxxx Y
UCL 3 Sep-00 Millipore eqpt Millipore Y
UCL 3 Sep-00 Xxx Xxxxxx Meter and plate Xxxxxx Y
Sanyo Gallenkamp upright
UCL 3 Jun-00 freezer & CO2 backup Sanyo Y 2074933
Proflux M12 Basic unit+reservoir Y
UCL 3 Mar-00 kit Millipore 4033/58428502cr
UCL 3 Mar-00 Sanitary Manifold+Tubing kit Millipore Y 2007139
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 Xxxxx XX 0000X Xxxxx X 00000000
XXX 0 Feb-00 Dry ice tray for Xxxxx XX Xxxxx X 00000000
XXX 0 Feb-00 Pel 2 Mini holder Millipore Y 2004374
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 Xxxxxx 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 Xxx-00 Xxxxxxxxx Xxxxxx, X00 XX 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 Xxxxxx Y 4003981
UCL 3 Aug-99 Incubator B12 Function Line Xxxxxx Y 4003981
UCL 3 Aug-99 Centrifuge Superspeed rc -26+ Xxxxxx Y 4003981
Scientific
UCL 3 Xxx-00 Xxxxxxxxxx XX00-X Xxxxxxx Xxx. Supplies Y 12968401
Scientific
UCL 3 Aug-99 Biosystem 10 with LN Cylinder Lab. Supplies Y 12965701
UCL 3 Jul-99 Herasafe HS12 Xxxxxx Y 4003841
UCL 3 Jul-99 VIP Freezer -86c MDF-U70V Sanyo Y 2066173
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 Xxx-00 XXX Xxxxx X 00000000
XXX 0 Apr-99 Incubator/SUB6 via UCL NO
New Brunswick Scientific G25
UCL 3 Jan-99 Incubator Shaker Insight Y 4909
Xxxxxx Xxxx 1 Feb-06 Server and adaptor SDT Y 13095
Xxxxxx Xxxx 1 Jan-06 Servers - Blackberry & email SDT Y 13075
Various computer equip (see Xxxxxxx
Xxxxxx Park 1 Oct-05 invoice) Direct Y SINV079275
Xxxxxx Xxxx 1 Aug-05 Sony Laptop VGN-S4 VP (CSS) Sony
HP DL380 - Financial Server (for
Xxxxxx Xxxx 1 Jul-05 US) SDT Y 12955
HP Compaq nx8220-760, Xxxxxxx
Xxxxxx Park 1 Jun-05 monitor etc Direct Y SINV072702
Xxxxxxx
Xxxxxx Park 1 Jun-05 Sony Vaio (GB) Direct Y SINV073508
Xxxxxx Xxxx 1 Dec-04 Server & accessories SDT Y 12854
Eurosource
Xxxxxx Xxxx 1 Nov-04 Sony Vaio Notebook (CL) IT Y I002494
Xxxxxx Xxxx 1 Aug-04 Compaq server and extras SDT Y 12793
HP DL 380 3.2 Ghz Server &
Xxxxxx Xxxx 1 Jul-04 software SDT Y 12776
D330 MT Computers x 2 (Imm Xxxxxxx
Xxxxxx Park 1 Jun-04 & JH) Direct Y SINV056158
Xxxxxx Xxxx 1 Apr-04 Compaq DL320 SDT Y 12705
Xxxxxxx
Xxxxxx Park 1 Apr-04 Apple PowerMac G4, Direct Y SINV053265
HP Compaq nc4000/ Sony Viao Xxxxxxx
Xxxxxx Xxxx 0 Xxx-00 X0 XXX Direct Y 47941
M'soft windows/exchange/XP Software
Xxxxxx Xxxx 1 Nov-03 pro Design Tech Y 12627
Xxxxxxx
Xxxxxx Park 1 Oct-03 HP Colour laser printer Direct YSINV044951
Software
Xxxxxx Xxxx 1 Oct-03 HP D330 - 1 (Bliu) Computer Design Tech Y 12620
HP D330 - 2 (Imm Lab) Xxxxxxx
Xxxxxx Xxxx 0 Oct-03 Computer Direct Y SINV045518
Software
Xxxxxx Xxxx 1 May-03 Server cabinets Design Tech Y 12518
Software
Xxxxxx Xxxx 1 May-03 Rackmount UPS Design Tech Y 12523
8
Compaq server, Jukebox & Software
Xxxxxx Xxxx 1 May-03 software Design Tech Y 12526
Software
Xxxxxx Xxxx 1 May-03 Compaq notebook (communal) Design Tech Y 12529
Compaq D310 MT & monitor Software
Xxxxxx Xxxx 1 Feb-03 (blackberry) Design Tech Y 12474
Compaq comp. & monitors Software
Xxxxxx Xxxx 1 Jan-03 (SW/TP/MW) Design Tech Y 12457
Compaq computer & monitor Software
Xxxxxx Xxxx 1 Oct-02 (ET) Design Tech Y 12421
Compaq computer & accessories Software
Xxxxxx Xxxx 1 Sep-02 (Ymc) Design Tech Y 12387
Compaq computer & accessories Software
Xxxxxx Xxxx 1 Sep-02 (RC - L) Design Xxxx X 00000
Xxxxxxxx
Xxxxxx Xxxx 1 Jul-02 Firebox & Soho TC Design Tech Y 12356
Compaq laptop (RS) & 2 PC's Software
Xxxxxx Xxxx 1 Jun-02 (ST,Anal) Design Tech Y 12342
Micro Anvika
Xxxxxx Xxxx 1 Jun-02 Laptop computer (JH) (Visa) Y
5 Compaq Software
Xxxxxx Xxxx 1 Apr-02 computers,monitors,software Design Tech Y 12292
Software
Xxxxxx Xxxx 1 Mar-02 Laptop - TM Design Tech Y 12273
Software
Xxxxxx Xxxx 1 Jan-02 3 Compaq D300 & software Design Tech Y 12227
Compaq Rack Server & Computers in
Xxxxxx Xxxx 1 Dec-01 accessories the City Y 4423
Compaq Rack Server & Computers in
Xxxxxx Xxxx 1 Dec-01 accessories the City Y 4422
Compaq stabiliser unit, drawer Computers in
Xxxxxx Xxxx 1 Dec-01 kit etc the City Y 4421
Computers in
Xxxxxx Xxxx 1 Dec-01 Leads various the City Y 4450
Computers in
Xxxxxx Xxxx 1 Dec-01 MS Upgrades various, XXX 0000 the City Y 4417
Computers in
Xxxxxx Xxxx 1 Oct-01 Sony Vaio R600 (PAS) the City Y 4200
Xxxxxx Xxxx 4 Sep-05 Filing cabinets & chairs ISIS Y (4)
Xxxxxx Xxxx 4 Sep-05 Cabinets & desks ISIS Y (2)
Xxxxxx Xxxx 4 Jul-05 workstation (desks, chairs etc) ISIS Y (3)
Xxxxxx Xxxx 4 May-05 4 workstations (desks,chairs etc) ISIS Y
Xxxxxx Xxxx 4 Jan-05 4 x 2 drawer fire proof filing cab. Viking Direct y
Xxxxxx Xxxx 0 Xxx-00 Xxxxxx Xxxx open Tambour Xxxxxxxx y
Xxxxxx Xxxx 4 Jul-02 Fire cabinet Viking Direct Y
Xxxxxx Xxxx 4 Jun-02 Seating Vector Y
Xxxxxx Xxxx 4 May-02 Office Furniture desks, chairs etc Viking Direct Y (2)
Xxxxxx Xxxx 4 Mar-02 Office Furniture desks, chairs etc Viking Direct Y (4)
Xxxxxx Xxxx 4 Feb-02 Office Furniture desks, chairs etc Viking Direct Y (3)
Xxxxxx Xxxx 0 Jan-02 Office Furniture desks, chairs etc Viking Direct Y (5)
Xxxxxx Xxxx 4 Dec-01 Office Furniture desks, chairs etc Viking Direct Y (2)
Xxxxxx Xxxx 4 Nov-01 Office Furniture desks, chairs etc Viking Direct Y (9)
Xxxxxx Xxxx 4 Oct-01 Office Furniture desks, chairs etc Viking Direct Y (6)
Oxford
Xxxxxx Xxxx 4 Jul-01 Epson Data projector Visuals Y
Xxxxxx Xxxx 3 Nov-01 Cold room IAB 1329,I344 and I352
9
Air conditioning units, ducts and
Xxxxxx Xxxx 3 Nov-01 piping IAB 1329,I344 and I352
Xxxxxx Xxxx 3 Nov-01 Furniture IAB 1329,I344 and I352
Mechanical services and co2
Xxxxxx Xxxx 3 Nov-01 gases IAB 1329,I344 and I352
Xxxxxx Xxxx 3 Nov-01 Circulating fume cupboad IAB 1329,I344 and I352
10
