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Bio Key International Inc – ‘10-K’ for 12/31/13 – ‘EX-10’

On:  Monday, 3/31/14, at 4:51pm ET   ·   For:  12/31/13   ·   Accession #:  1437749-14-5560   ·   File #:  1-13463

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/14  Bio Key International Inc         10-K       12/31/13   99:9.7M                                   RDG Filings/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.14M 
 2: EX-10       Exhibit 10.35                                       HTML     95K 
 3: EX-10       Exhibit 10.36                                       HTML     95K 
 4: EX-10       Exhibit 10.37                                       HTML     93K 
 5: EX-10       Exhibit 10.38                                       HTML     94K 
 6: EX-10       Exhibit 10.39                                       HTML     93K 
 7: EX-10       Exhibit 10.40                                       HTML     45K 
 8: EX-10       Exhibit 10.41                                       HTML     43K 
 9: EX-10       Exhibit 10.42                                       HTML    100K 
10: EX-10       Exhibit 10.43                                       HTML     40K 
11: EX-10       Exhibit 10.44                                       HTML     57K 
12: EX-23       Exhibit 23.1                                        HTML     28K 
13: EX-31       Exhibit 31.1                                        HTML     38K 
14: EX-31       Exhibit 31.2                                        HTML     38K 
15: EX-32       Exhibit 32.1                                        HTML     32K 
16: EX-32       Exhibit 32.2                                        HTML     31K 
71: R1          Document And Entity Information                     HTML     56K 
58: R2          Consolidated Balance Sheets                         HTML    102K 
69: R3          Consolidated Balance Sheets (Parentheticals)        HTML     37K 
73: R4          Consolidated Statements of Operations               HTML     83K 
92: R5          Consolidated Statements of Stockholders' Equity     HTML     68K 
                (Deficit)                                                        
60: R6          Consolidated Statements of Cash Flows               HTML    119K 
68: R7          Note A - The Company and Summary of Significant     HTML    140K 
                Accounting Policies                                              
52: R8          Note B - Factoring                                  HTML     47K 
42: R9          Note C - Fair Values of Financial Instruments       HTML     74K 
93: R10         Note D - Concentration of Risk                      HTML     55K 
75: R11         Note E - Equipment and Leashold Improvements        HTML     55K 
74: R12         Note F - Intangible Assets                          HTML     60K 
80: R13         Note G - Accrued Laibilites                         HTML     54K 
81: R14         Note H - Related Party                              HTML     34K 
78: R15         Note I - Deferred Revenue                           HTML     43K 
82: R16         Note J - Notes Payable                              HTML     37K 
70: R17         Note K - Segment Information                        HTML     36K 
72: R18         Note L - Commitments                                HTML     44K 
77: R19         Note M - Equity                                     HTML    147K 
99: R20         Note N - Stock Options                              HTML    184K 
88: R21         Note O - Income Taxes                               HTML     81K 
64: R22         Note P - Profit Sharing Plan                        HTML     30K 
76: R23         Note Q - Earnings Per Share (Eps)                   HTML     58K 
66: R24         Note R - Subsequent Events                          HTML     30K 
34: R25         Accounting Policies, by Policy (Policies)           HTML    197K 
89: R26         Note A - The Company and Summary of Significant     HTML    111K 
                Accounting Policies (Tables)                                     
96: R27         Note B - Factoring (Tables)                         HTML     61K 
47: R28         Note C - Fair Values of Financial Instruments       HTML     70K 
                (Tables)                                                         
46: R29         Note D - Concentration of Risk (Tables)             HTML     53K 
50: R30         Note E - Equipment and Leashold Improvements        HTML     53K 
                (Tables)                                                         
51: R31         Note F - Intangible Assets (Tables)                 HTML     58K 
54: R32         Note G - Accrued Laibilites (Tables)                HTML     52K 
30: R33         Note I - Deferred Revenue (Tables)                  HTML     42K 
86: R34         Note L - Commitments (Tables)                       HTML     40K 
62: R35         Note M - Equity (Tables)                            HTML    100K 
65: R36         Note N - Stock Options (Tables)                     HTML    177K 
37: R37         Note O - Income Taxes (Tables)                      HTML     77K 
98: R38         Note Q - Earnings Per Share (Eps) (Tables)          HTML     55K 
23: R39         Note A - The Company and Summary of Significant     HTML     50K 
                Accounting Policies (Details)                                    
55: R40         Note A - The Company and Summary of Significant     HTML     36K 
                Accounting Policies (Details) - Summary of                       
                Accounts Receivables                                             
91: R41         Note A - The Company and Summary of Significant     HTML     36K 
                Accounting Policies (Details) - Allowance for                    
                Doubtful Accounts                                                
36: R42         Note A - The Company and Summary of Significant     HTML     36K 
                Accounting Policies (Details) - Estimated Useful                 
                Lives for Depreciation and Amortization                          
45: R43         Note A - The Company and Summary of Significant     HTML     33K 
                Accounting Policies (Details) - Share-Based                      
                Compensation Expenses for Continuing Operations                  
49: R44         Note A - The Company and Summary of Significant     HTML     39K 
                Accounting Policies (Details) - Valuation                        
                Assumptions for Stock Options                                    
59: R45         Note B - Factoring (Details)                        HTML     33K 
29: R46         Note B - Factoring (Details) - Due from Factor      HTML     33K 
41: R47         Note C - Fair Values of Financial Instruments       HTML     38K 
                (Details) - Fair Value Measurement of Warrant                    
                Liabilities and Derivative Liabilities                           
25: R48         Note C - Fair Values of Financial Instruments       HTML     41K 
                (Details) - Fair Value Measurements Using                        
                Significant Unobservable Inputs                                  
90: R49         Note D - Concentration of Risk (Details)            HTML     29K 
35: R50         Note D - Concentration of Risk (Details) - Revenue  HTML     32K 
                Concentration Risk by Major Customer                             
87: R51         Note D - Concentration of Risk (Details) -          HTML     32K 
                Accounts Receivable Concentration Risk by Major                  
                Customer                                                         
38: R52         Note E - Equipment and Leashold Improvements        HTML     30K 
                (Details)                                                        
56: R53         Note E - Equipment and Leashold Improvements        HTML     40K 
                (Details) - Summary of Equipment and Leasehold                   
                Improvements                                                     
24: R54         Note F - Intangible Assets (Details)                HTML     45K 
28: R55         Note F - Intangible Assets (Details) - Summary of   HTML     36K 
                Intangible Assets                                                
48: R56         Note G - Accrued Laibilites (Details) - Summary of  HTML     55K 
                Accrued Liabilities                                              
32: R57         Note H - Related Party (Details)                    HTML     35K 
94: R58         Note I - Deferred Revenue (Details) - Components    HTML     32K 
                of Deferred Revenue                                              
61: R59         Note J - Notes Payable (Details)                    HTML     53K 
79: R60         Note K - Segment Information (Details)              HTML     33K 
40: R61         Note L - Commitments (Details)                      HTML     29K 
43: R62         Note L - Commitments (Details) - Future Minimum     HTML     44K 
                Rental Commitments of Non-Cancelable Operating                   
                Leases                                                           
85: R63         Note M - Equity (Details)                           HTML    146K 
83: R64         Note M - Equity (Details) - Summary of Warrant      HTML     49K 
                Activity                                                         
63: R65         Note N - Stock Options (Details)                    HTML     67K 
84: R66         Note N - Stock Options (Details) - Option Activity  HTML     89K 
39: R67         Note N - Stock Options (Details) - Options          HTML     56K 
                Outstanding and Exercisable                                      
67: R68         Note O - Income Taxes (Details)                     HTML     30K 
95: R69         Note O - Income Taxes (Details) - Components of     HTML     49K 
                Deferred Taxes                                                   
27: R70         Note O - Income Taxes (Details) - Reconciliation    HTML     34K 
                of the Effective Income Tax Rate to US Federal                   
                Statutory Income Tax Rate                                        
33: R71         Note P - Profit Sharing Plan (Details)              HTML     29K 
57: R72         Note Q - Earnings Per Share (EPS) (Details) -       HTML     37K 
                Securities Excluded from the Diluted Per Share                   
                Calculation                                                      
31: R73         Note R - Subsequent Events (Details)                HTML     30K 
97: XML         IDEA XML File -- Filing Summary                      XML    133K 
26: EXCEL       IDEA Workbook of Financial Reports                  XLSX    179K 
44: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.54M 
17: EX-101.INS  XBRL Instance -- bkyi-20131231                       XML   1.69M 
19: EX-101.CAL  XBRL Calculations -- bkyi-20131231_cal               XML    111K 
20: EX-101.DEF  XBRL Definitions -- bkyi-20131231_def                XML    807K 
21: EX-101.LAB  XBRL Labels -- bkyi-20131231_lab                     XML   1.18M 
22: EX-101.PRE  XBRL Presentations -- bkyi-20131231_pre              XML    766K 
18: EX-101.SCH  XBRL Schema -- bkyi-20131231                         XSD    199K 
53: ZIP         XBRL Zipped Folder -- 0001437749-14-005560-xbrl      Zip    180K 


‘EX-10’   —   Exhibit 10.43


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  ex9.htm  
 C: 

Exhibit 10.43

 

THIRD AMENDMENT TO LEASE AGREEMENT

 

 

This Third Amendment to Lease Agreement (this “Third Amendment”) made as of this __ day of June, 2013 by and between Victor AOP, Inc., as Landlord, and BIO-key International, Inc., as Tenant.

 

WHEREAS:

 

A.     Landlord and Tenant are parties to a certain lease dated June 2, 2004 as amended by a First Amendment to Lease dated in August, 2004 and Second Amendment and Lease dated January, 2009 (collectively, the “Lease”) respecting 4,179 gross square feet of floor space (the “Premises”) in Allaire Office Park, Building D, Route 138, Wall Township, New Jersey; and

 

B.     The term of the Lease expires on September 30, 2014; and

 

C.     The Landlord and Tenant wish do relocate the office to Building A, Suite 102 representing 4517 gross square feet in the Allaire Office Park.

 

D.     The expected date of this move will be at or near October 1, 2013, with a date certain agreement signed upon occupancy.

 

E.     Landlord and Tenant mutually desire to extend the term of the Lease for five (5) years, subject to and in accordance with the terms of this Third Amendment.

 

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

 

 

1.

The term of the Lease is hereby renewed commencing as of September 1, 2013 and terminating on August 30, 2018 (the “Renewal Term”).

 

 

2.

During the Renewal Term all terms and conditions of the Lease shall remain the same, except that:

 

 

a.

During the initial year of the Renewal Term (September 1, 2013) the Base Rent shall be at the rate of $103,891.00 per annum, payable in monthly installments of $8657.58 in accordance with the terms of the Lease. The rent will be subject to an annual increase of 3% commencing September 1, 2014 and each year thereafter.

 

 

3.

Landlord shall be required to perform work in the Premises in order for the Renewal Term to occur. Landlord and Tenant will mutually agree on the floor plan of the new space, a sketch of which is attached to this addendum.

 

 

4.

For purposes of this Third Amendment, capitalized terms used herein shall have the same meanings ascribed to them in the Lease, unless otherwise defined herein.

  

 
 

 

 

 

5.

Article 12.1 and 13.1 of the original lease agreement are amended to have landlord responsible for all utility charges to the premises. Article 13.2 is amended to have landlord responsible for all water charges to the premises.

 

 

6.

The preamble to this Third Amendment is incorporated by reference into the body of this Third Amendment.

 

 

7.

Except as modified by this Third Amendment, the Lease, and all the covenants, agreements, terms, provisions and conditions thereof shall remain in full force and effect and are hereby ratified and affirmed. The covenants, agreements, terms, provisions and conditions contained in the Lease as amended by this Third Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns. In the event of any conflict between the terms contained in this Third Amendment to Lease and the Lease, the terms herein contained shall supersede and control the obligations and liabilities of the parties.

 

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals and caused these presents to be properly signed by authorized signatories as of the day and year Second above written.

 

ATTEST OR WITNESS:   

 

VICTOR AOP, INC., Landlord  

     

 

 

 

 

 

 

By: 

 

 

 

 

RAN KOROLIK, Vice President

       
       

ATTEST OR WITNESS:

 

BIO-KEY INTERNATIONAL, INC., Tenant  

 

 

 

 

       

 

 

By: 

 

 

 

 

Michael DePasquale, President

 

-2-


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
8/30/18
9/30/1410-Q
9/1/14
Filed on:3/31/1410-Q,  8-K
For Period end:12/31/13CORRESP,  EFFECT,  S-1/A,  UPLOAD
10/1/13
9/1/13
6/2/04
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/30/24  Bio Key International Inc.        S-1                    5:346K                                   RDG Filings/FA
10/26/23  Bio Key International Inc.        S-1/A                  9:1M                                     RDG Filings/FA
10/16/23  Bio Key International Inc.        S-1                    4:473K                                   RDG Filings/FA
 6/15/23  Bio Key International Inc.        S-1                  136:12M                                    RDG Filings/FA
 4/01/22  Bio Key International Inc.        10-K       12/31/21  107:9.4M                                   RDG Filings/FA
 4/16/21  Bio Key International Inc.        POS AM                 3:2M                                     RDG Filings/FA
 3/29/21  Bio Key International Inc.        10-K       12/31/20  109:8.7M                                   RDG Filings/FA
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