Temporary Lease Extension Agreement between Applied DNA Sciences Inc. and Long Island High Technology Incubator, Inc.
Applied DNA Sciences Inc. and Long Island High Technology Incubator, Inc. have agreed to temporarily extend their existing lease from August 10, 2019, to September 15, 2019. This agreement confirms that Applied DNA Sciences no longer has any right to renew the lease, and no additional rights from the previous lease remain. The extension is strictly temporary and does not grant any future renewal options.
Exhibit 10.3
TEMPORARY LEASE EXTENSION AGREEMENT
August 09, 2019
This Agreement, executed by mutual signature, hereby provides an additional temporary extension of Applied DNA Sciences Inc. Lease, dated June 14, 2013 with the below amendments, notifications and terms.
The Term of this extension is from August 10, 2019 through September 15, 2019.
It is hereby restated that Applied DNA Sciences did not exercise its right to renew.
By this Temporary Lease Extension, Applied DNA Sciences acknowledges that, in accordance with the terms of the Lease, any right to renew has expired, no right to renew exists, and this extension does not confer or provide any such right.
Any and all other rights that may have existed by way of the previous lease have additionally since expired.
| /s/ James A. Hayward, PhD | Date: | August 12 2019 | |
| Jim Hayward, PhD | |||
| Chairman, President and CEO | |||
| Applied DNA Sciences Inc | |||
| 50 Health Sciences Drive | |||
| Stony Brook, NY 11790 |
| /s/ Matthew Stadler | Date: | August 9th 2019 | |
| Matthew Stadler, PhD | |||
| Executive Director and COO | |||
| Long Island High Technology Incubator, Inc | |||
| 25 Health Sciences Drive | |||
| Stony Brook, NY 11790 |
| LIHTI.org | 25 Health Sciences Drive, Stony Brook, NY 11790 | (631) 444 - 8800 |
