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Actinium Pharmaceuticals, Inc. – ‘10-Q’ for 6/30/17 – ‘EX-10.3’

On:  Friday, 8/4/17, at 4:19pm ET   ·   For:  6/30/17   ·   Accession #:  1213900-17-8244   ·   File #:  1-36374

Previous ‘10-Q’:  ‘10-Q’ on 5/15/17 for 3/31/17   ·   Next:  ‘10-Q’ on 11/3/17 for 9/30/17   ·   Latest:  ‘10-Q’ on 4/26/24 for 3/31/24   ·   2 References:   

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

 8/04/17  Actinium Pharmaceuticals, Inc.    10-Q        6/30/17   60:3.8M                                   Edgar Agents LLC/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    369K 
 2: EX-10.1     Assignment and Consent Agreement, Dated June 6,     HTML     37K 
                2017, Among 275 Madison Avenue Rpw 1 LLC, 275                    
                Madison Avenue Rpw 2, LLC, Actinium                              
                Pharmaceuticals, Inc. and Relmada Therapeutics,                  
                Inc.                                                             
 3: EX-10.3     Amended and Restated License Agreement, Dated June  HTML     33K 
                8, 2017, Between Actinium Pharmaceuticals, Inc.                  
                and Relmada Therapeutics, Inc.                                   
 4: EX-10.4     Offer Letter; Dated May 26, 2017, by and Between    HTML     78K 
                Actinium Pharmaceuticals, Inc. and Dr. Nitya G.                  
                Ray                                                              
 5: EX-10.5     Amended and Restated At-The-Market Market Issuance  HTML    251K 
                Sales Agreement, Dated July 3, 2017, Among Fbr                   
                Capital Markets & Co., Jonestrading Institutional                
                Services LLC, and Mlv & Co. LLC.                                 
 6: EX-10.6     Agreement, Dated June 6, 2017, by and Between       HTML     35K 
                Actinium Pharmaceuticals, Inc. and Sergio Traversa               
 7: EX-10.7     Consulting Agreement, Dated May 22, 2017, by and    HTML     65K 
                Between Actinium Pharmaceuticals, Inc. and Dragan                
                Cicic                                                            
 8: EX-10.8     Separation and Settlement Agreement, Dated May 12,  HTML     60K 
                2017, by and Between Actinium Pharmaceuticals,                   
                Inc. and Kaushik Dave                                            
 9: EX-10.9     Separation and Settlement Agreement, Dated May 12,  HTML     57K 
                2017, by and Between Actinium Pharmaceuticals,                   
                Inc. and Dragan Cicic                                            
10: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
11: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
12: EX-32.1     Certification -- §906 - SOA'02                      HTML     20K 
13: EX-32.2     Certification -- §906 - SOA'02                      HTML     20K 
20: R1          Document and Entity Information                     HTML     40K 
21: R2          Consolidated Balance Sheets (Unaudited)             HTML     84K 
22: R3          Consolidated Balance Sheets (Unaudited)             HTML     37K 
                (Parenthetical)                                                  
23: R4          Consolidated Statements of Operations (Unaudited)   HTML     53K 
24: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML     83K 
25: R6          Description of Business and Summary of Significant  HTML     67K 
                Accounting Policies                                              
26: R7          Related Party Transactions                          HTML     31K 
27: R8          Prepaid Expenses and Other Current Assets           HTML     26K 
28: R9          Property and Equipment                              HTML     28K 
29: R10         Derivatives                                         HTML     47K 
30: R11         Commitments and Contingencies                       HTML     56K 
31: R12         Equity                                              HTML     65K 
32: R13         Subsequent Events                                   HTML     24K 
33: R14         Description of Business and Summary of Significant  HTML    106K 
                Accounting Policies (Policies)                                   
34: R15         Description of Business and Summary of Significant  HTML     35K 
                Accounting Policies (Tables)                                     
35: R16         Related Party Transactions (Tables)                 HTML     22K 
36: R17         Prepaid Expenses and Other Current Assets (Tables)  HTML     25K 
37: R18         Property and Equipment (Tables)                     HTML     25K 
38: R19         Derivatives (Tables)                                HTML     43K 
39: R20         Commitments and Contingencies (Tables)              HTML     30K 
40: R21         Equity (Tables)                                     HTML     44K 
41: R22         Description of Business and Summary of Significant  HTML     30K 
                Accounting Policies (Details)                                    
42: R23         Description of Business and Summary of Significant  HTML     27K 
                Accounting Policies (Details 1)                                  
43: R24         Description of Business and Summary of Significant  HTML     31K 
                Accounting Policies (Details Textual)                            
44: R25         Related Party Transactions (Details)                HTML     25K 
45: R26         Related Party Transactions (Details Textual)        HTML     32K 
46: R27         Prepaid Expenses and Other Current Assets           HTML     30K 
                (Details)                                                        
47: R28         Property and Equipment (Details)                    HTML     34K 
48: R29         Property and Equipment (Details Textual)            HTML     22K 
49: R30         Derivatives (Details)                               HTML     31K 
50: R31         Derivatives (Details 1)                             HTML     49K 
51: R32         Derivatives (Details Textual)                       HTML     30K 
52: R33         Commitments and Contingencies (Details)             HTML     39K 
53: R34         Commitments and Contingencies (Details 1)           HTML     35K 
54: R35         Commitments and Contingencies (Details Textual)     HTML    131K 
55: R36         Equity (Details)                                    HTML     69K 
56: R37         Equity (Details Textual)                            HTML    108K 
57: R38         Subsequent Events (Details)                         HTML     47K 
59: XML         IDEA XML File -- Filing Summary                      XML     92K 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX     47K 
17: EX-101.INS  XBRL Instance -- atnm-20170630                       XML    744K 
19: EX-101.CAL  XBRL Calculations -- atnm-20170630_cal               XML     87K 
14: EX-101.DEF  XBRL Definitions -- atnm-20170630_def                XML    356K 
15: EX-101.LAB  XBRL Labels -- atnm-20170630_lab                     XML    883K 
16: EX-101.PRE  XBRL Presentations -- atnm-20170630_pre              XML    566K 
18: EX-101.SCH  XBRL Schema -- atnm-20170630                         XSD    126K 
60: ZIP         XBRL Zipped Folder -- 0001213900-17-008244-xbrl      Zip     93K 


‘EX-10.3’   —   Amended and Restated License Agreement, Dated June 8, 2017, Between Actinium Pharmaceuticals, Inc. and Relmada Therapeutics, Inc.


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



Exhibit 10.3

 

AMENDED AND RESTATED LICENSE AGREEMENT

 

This Amended and Restated License Agreement (this “Agreement”) is entered on this 8th day of June, 2017, between Relmada Therapeutics, Inc., a Nevada corporation (“Relmada”), and Actinium Pharmaceuticals, Inc., a Delaware corporation (“Actinium”), with respect to the office space (the “Premises”) located on the 7th floor of the office building located at 275 Madison Avenue, New York, New York (“the Building”), upon and subject to the following terms and conditions:

 

This Agreement amends and restates in its entirety that certain Office Space License Agreement, dated as of March 10, 2016 and effective as of January 1, 2016, between Relmada and Actinium (the “Original Agreement”) for office space within the Premises. This Agreement is intended to and does completely amend and restate the Original Agreement.

 

A.       As of the date hereof, Relmada and Actinium have entered into an Assignment and Assumption Agreement (the “Assignment and Assumption”) pursuant to which Actinium will occupy the entire Premises in accordance with the terms thereof and assume Relmada’s obligations under that certain Lease, dated June 9, 2015, (the “Lease”) between 275 Madison Avenue RPW 1 LLC and 275 Madison Avenue RPW 2 LLC RPW (as successor in interest to GP 275 Owner, LLC) and Relmada, among other things.

 

B.       Relmada and Actinium desire to amend and restate the Original Agreement with respect to Actinium’s occupancy of the Client Area (as defined under the Original Agreement”), to reflect Actinium’s continued license to use the furniture, fixtures, equipment and tenant improvements (collectively, “FFE”) located in the Premises.

 

NOW THEREFORE, in consideration of the License Fee (as hereinafter defined) to be paid, the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.       License to Use: (a) Relmada hereby grants Actinium the license to use the FFE that is located in the Premises, a schedule of which is attached hereto as Exhibit A, for a period of time that shall be coterminous with the Lease (the “Term”). For the duration of the Term, Actinium shall pay Relmada the amount of $7,529.00 per month (the “Licensee Fee”) on the first calendar day of each month.

 

(b) This FFE use license is granted, and Actinium hereby accepts such license, on an “AS-IS, WITH ALL FAULTS” basis, without recourse, representation or warranty of any kind or nature, express or implied, including without limitation, habitability, merchantability or fitness for a particular purpose.

 

(c) During the Term, Actinium, at its sole cost and expense, shall keep and maintain the FFE, in a good state of repair, normal wear and tear excepted, and shall be responsible for replacement and/or repair of any FFE which is not returned because it is damaged, lost or stolen. Actinium shall not remove any of the FFE from the Premises without prior written approval of Relmada. Relmada shall be granted access to the Premises at reasonable times, upon advance written notice for the purposes of inspecting the FFE. Relmada shall have no obligation to repair, maintain or insure any of the FFE. Actinium, at its sole cost and expense, shall insure the FFE (and name Relmada as additional insured) for its full replacement value.

 

 C: 
 

 

 

(d) At the expiration or earlier termination of Term, the FFE shall be returned and surrendered to Relmada, at such location as designated by Relmada, in good condition and repair, reasonable wear and tear excepted.

 

(e) Actinium shall not have the right to and shall not (i) remove the FFE from the Premises or modify the FFE in any way, or (ii) pledge or encumber any of the FFE in any way.

 

2.       Right to Purchase: Actinium shall have at any time during the Term of this Agreement the right to purchase the FFE by delivering written notice of such intent to Relmada together with a tender of payment of a purchase price equal to the FFE Consideration (as hereinafter defined). The purchase contemplated by the previous sentence will be effected by the execution and delivery by the parties of a Bill of Sale in form and substance mutually acceptable to both parties. “FFE Consideration” shall mean $ 496,909.00 less any License Fee(s) previously paid by Actinium.

 

3.       Termination of License to use “Client Area” (as defined in the Original Agreement): Upon the execution by both parties of the Assignment and Assumption, the Original Agreement shall be deemed terminated as relating to Actinium’s occupancy of the Client Area, except for any covenant, term, condition or agreement to be complied with or performed by Actinium under the Original Agreement prior to the date hereof, which shall be deemed to survive.

 

4.       Default: Each of the following shall constitute a “Default” by Actinium:

 

(a)       The failure of Actinium to pay any sum when due, and such failure continues for a period of five (5) days thereafter.

 

(b)       Actinium shall become insolvent or unable to pay its debts as they become due, or Actinium notifies Relmada that it anticipates either condition; or Actinium files a petition under any section or chapter of the United States Bankruptcy Code, as amended from time to time; or a petition shall be filed against Actinium under such statute or Actinium notifies Relmada that it knows such a petition will be filed and such petition is not withdrawn or dismissed within sixty (60) days of filing; or a receiver or trustee is appointed to take possession of substantially all of Actinium’s assets located at the Premises or of Actinium’s interest in this Agreement is legally attached or seized.

 

(c)       Actinium shall fail to perform, in whole or in part, any of the other obligations under this Agreement and such failure or non-performance continues for a period of five (5) days after written notice thereof has been given by Relmada.

 

5.       Remedies - Termination: (a) If a Default occurs, then at any time thereafter, prior to the curing thereof, Actinium shall be deemed to have automatically exercised its right to purchase the FFE pursuant to Section 2 hereof and the FFE Consideration shall be immediately due and payable, and Relmada may exercise any and all rights and remedies available to Relmada, with or without notice of demand, under this Agreement, at law, or in equity, to recover and collect the FFE Consideration and/or to terminate this Agreement.

 

(b) Actinium shall pay all reasonable attorney and other fees, expenses and costs incurred by Relmada in protecting its rights under this Agreement and/or for any action taken by Relmada to collect any amounts due by Actinium under this Agreement.

 

 C: 
  C: 2 

 

 

6.       Indemnification: Actinium covenants and agrees to indemnify and hold Relmada harmless from and against any and all losses, damages, costs, charges, counsel fees and other expenses of every nature and character whatsoever which may be incurred by Relmada by reason of Actinium's use of the FFE and by reason of Actinium’s failure to comply or perform any covenant, term, condition, or agreement in this Agreement to be complied with or performed by Actinium.

 

7.       Entire Agreement: This Agreement, including all Exhibit(s) attached hereto (which Exhibit(s) are hereby incorporated herein and shall constitute a portion hereof), contains the entire agreement between Relmada and Actinium with respect to the subject matter hereof.

 

8.       Severability: It is the intention of the parties hereto that if any provision of this Agreement is capable of two constructions, one of which would render the provision invalid and the other of which would render the provision valid, then the provision shall have the meaning which renders it valid. If any term or provision of this Agreement, or the application thereof to any person or circumstance, shall to any extent be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to other persons or circumstances, shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law.

 

9.       Counterparts: This Agreement may be executed in any number of separate counterparts, all of which counterparts taken together shall constitute the entirety of this Agreement.

 

IN WITNESS WHEREOF, Relmada and Actinium have executed this Agreement as of the date first above written.

 

RELMADA THERAPEUTICS, INC.  
     
By: /s/ Sergio Traversa  
Name: Sergio Traversa  
Title: Chief Executive Officer  

 

ACTINIUM THERAPEUTICS, INC.  
     
By: /s/ Steve O’Loughlin  
Name: Steve O’Loughlin  
Title: Principal financial Officer  

 

 C: 
 3 

 

 

EXHIBIT A

 

ITEMIZED INVENTORY OF FFE

 

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/4/174,  SC 13G
For Period end:6/30/17
3/10/16
1/1/16
6/9/15
 List all Filings 


2 Subsequent Filings that Reference this Filing

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

 3/25/22  Actinium Pharmaceuticals, Inc.    10-K       12/31/21   56:4.2M                                   EdgarAgents LLC/FA
 3/31/21  Actinium Pharmaceuticals, Inc.    10-K       12/31/20   56:3.5M                                   EdgarAgents LLC/FA
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Filing Submission 0001213900-17-008244   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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