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Exhibit 10.39
 
ZCM Asia Holdings Pty Limited
 
Zurich Capital Markets Asia Pty Limited
 
Heartware Limited
 
Royal Bank of Canada
 
Deed of Consent to
Assignment of Sublease
Premises: Suite 4, Level 46, 2 Park Street Sydney
 
Matthew Seymour Property Lawyer©

 


 
Contents
 
                 
Commercial details
              4
 
 
               
Background
              6
 
 
               
1   Defined terms & interpretation   7
 
 
  1.1   Defined terms       7
 
  1.2   Interpretation       7
 
               
2   Precondition   8
 
 
  2.1   Headlessor consent       8
 
  2.2   Seek consent       8
 
  2.3   Deed of Consent to Sublease       8
 
  2.4   Headlessor refusal       8
 
               
3   Assignment Date   8
 
 
               
4   Consent   8
 
 
               
5   RBC’s obligations   8
 
 
               
6   Release   9
 
 
               
7   Indemnity   9
 
 
  7.1   From the Assignment Date       9
 
  7.2   Prior to the Assignment Date       9
 
               
8   Rent and adjustments   9
 
 
  8.1   Passing rent       9
 
  8.2   Periodic payments       9
 
  8.3   Reimbursements       9
 
  8.4   Shortfall       10
 
               
9   Bank Guarantee   10
 
 
  9.1   Replacement Bank Guarantee       10
 
  9.2   Sublease applies       10
 
  9.3   Return original Bank Guarantee       10
 
               
10   Originals and registration   10
 
 
  10.1   Delivery       10
 
  10.2   Stamping and registration       11
 
  10.3   Original Sublease       11
 
               
11   Access date   11
 
 
  11.1   Vacant possession       11
 
  11.2   Late delivery       11
 
  11.3   Licence terms       11
 
               
12   Exercise of option   12
 
 
  12.1   Option       12
 
  12.2   Giving effect to option       12
     
 
Matthew Seymour Property Lawyer©   ii

 


 
                 
Contents            
 
 
               
13
  Makegood         12  
 
 
  13.1   Headlessor’s consent     12  
 
  13.2   Handover condition     12  
 
  13.3   Contribution     12  
 
               
14
  General         12  
 
 
  14.1   Costs     12  
 
  14.2   GST     13  
 
  14.3   Amendment     13  
 
  14.4   Counterparts     13  
 
  14.5   Entire understanding     13  
 
  14.6   Further assurance     13  
 
               
Signing page     14  
 
Annexure A – Fixtures and furnishings     16  
 
Annexure B – Variation of Sublease     17  
 
 
     
 
Matthew Seymour Property Lawyer©   iii

 


 
Commercial details
 
     
Deed dated
  2007
         
Parties        
 
Sublessor   ZCM Asia Holdings Pty Limited ACN 093 336 700
 
       
Notice details
  Contact:   The Company Secretary,
 
      Zurich Financial Services Australia Ltd
 
  Address:   5 Blue St, North Sydney
 
  Fax:   02 9995 1808
 
Assignor   Heartware Limited ACN 111 970 257
 
       
Notice details
  Contact:   David Mclntyre
 
  Address:   3351 Executive Way, Miramar, Florida USA 33025
 
  Fax:   +1 954 874 1156
 
  Email:   dmcintyre@heartware.com
 
Assignee   Royal Bank of Canada ARBN 076 940 880
 
       
Notice details
  Contact:   Alan Downie
 
  Address:   c/ - RBC Capital Markets
 
      Level 46, 2 Park Street
 
      Sydney NSW 2000
 
  Fax:   (02) 9033 3156
 
  Email:   alan.downie@rbccm.com
 
 
     
 
Matthew Seymour Property Lawyer©   4

 


 
Commercial details
 
     
Items    
 
Item 1
  Premises
 
   
 
  Suite 4, Level 46, 2 Park Street Sydney and the parking
 
  spaces referred to in the Sublease
 
Item 2
  Headlease
(clause 1.1)
   
 
  Lease registered 7655894
 
Item 3
  Sublease
(clause 1.1)
   
 
  Sublease registered AB545729 including a sublicence of
 
  2 permanent car parking spaces
 
Item 4
  Assignment Date
(clause 1.1)
   
 
  1 July 2007
 
Item 5
  Passing rent
(clause 8)
   
 
  Rent (Item 7 of the Sublease):
 
  $161,769.50 per annum plus GST
 
  Parking fee (Item 13 of the Sublease):
 
  $840 per space per month plus GST
 
Item 6
  Bank Guarantee amount
(clause 9)
   
 
  $106,399
 
     
 
 
Matthew Seymour Property Lawyer©   5

 


 
Background
 
     
A
  The Headlessor is the owner of the building known as 2 Park Sydney (Building) .
 
   
B
  The Headlessor leases Levels 46 and 47 of the Building to Zurich Capital Markets Australia Limited ACN 095 545 887 under the Headlease.
 
   
C
  Zurich Capital Markets Australia Limited delisted and changed its name to Zurich Capital Markets Asia Pty Limited.
 
   
D
  Zurich Capital Markets Asia Pty Limited sublet the Premises to Heartware.
 
   
E
  Zurich Capital Markets Asia Pty Limited assigned the Headlease to ZCM Asia Holdings Pty Limited ACN 093 336 700 effective 1 June 2007.
 
   
F
  Heartware wants to assign the Sublease to RBC but requires the Sublessor’s consent to do so.
 
   
G
  The Sublessor consents to the assignment of the Sublease on the terms of this deed.
 
   
H
  As the assignment of the Headlease referred to in recital E has not yet been registered, Zurich Capital Markets Asia Pty Limited (as previous sublessor) is also a party to this deed for the purpose of confirming its consent to the assignment of the Sublease.
 
     
 
Matthew Seymour Property Lawyer©   6

 


 
Consent terms
 
1   Defined terms & interpretation
 
1.1   Defined terms
 
    The following terms and expressions have a specific meaning in this deed.
 
    Assignment Date means the date in Item 4.
 
    Commercial details means the part of this deed described as the Commercial details at the front of this deed.
 
    Headlease means the lease described in Item 2.
 
    Headlessor means the lessor under the Headlease.
 
    Heartware means the existing tenant of the Premises under the Sublease, being the party identified as the ‘Assignor’ in the Commercial details.
 
    Item means an item in the Commercial details.
 
    Premises means the premises described in Item 1.
 
    RBC means the party identified as the ‘Assignee’ in the Commercial details.
 
    Sublessor means the lessee under the Headlease, being the party identified as ‘Sublessor’ in the Commercial details.
 
    Sublease means the sublease described in Item 3.
 
    Transfer means a form required by the Department of Lands – Land & Property Information to register the transfer of Sublease from Heartware to RBC.
 
    Variation of Sublease means the variation of the Sublease in the form set out in Annexure B.
1.2   Interpretation
 
    In this deed:
  (a)   the singular includes the plural and vice versa;
 
  (b)   a gendered noun or pronoun includes all genders;
 
  (c)   a reference to:
  (i)   this deed includes its schedules and annexures;
 
  (ii)   a party or person includes that person’s executors, administrators, successors and permitted assigns; and
 
  (iii)   an institute, association or council includes a reference to any replacement institute, association or council;
  (d)   the use of the verb to ‘include’ (in any conjugation or participle) or the expressions ‘such as’ or ‘for example where used in this deed, are always intended to refer to a non-exclusive set as if the words ‘without limitation’ were included after their every use; and
 
  (e)   headings are for convenience only and do not form part of this deed or affect its interpretation.
 
 
Matthew Seymour Property Lawyer©   7

 


 
Consent terms
2   Precondition
 
2.1   Headlessor consent
 
    The assignment in clause 3 and the Sublessor’s consent in clause 4 is subject to and condit

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