Lease Renewal Agreement between Applied DNA Sciences, Inc. and Long Island High Technology Incubator, Inc.
Applied DNA Sciences, Inc. is notifying Long Island High Technology Incubator, Inc. of its decision to renew its lease at 50 Health Sciences Drive, Stony Brook, NY, for an additional three years, extending the term to May 31, 2019. The agreement allows Applied DNA Sciences to terminate the lease early if new mezzanine space in the Innovation and Discovery Center becomes available before the new end date. All other terms from the original lease remain unchanged.
Exhibit 10.2
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December 3, 2015
Ms. Mary Walton
Long Island High Technology Incubator, Inc.
25 Health Sciences Drive
Stony Brook, NY 11790
Ms. Walton,
I am writing to notify you that Applied DNA Sciences, Inc. (APDN), would like to exercise our option to renew our lease at 50 Health Sciences Drive, Stony Brook, NY 11790, for an additional 3-year term from its original expiration date of May 31, 2016 to May 31, 2019. However, APDN will have the right to terminate the lease sooner, only if the new mezzanine space in the Innovation and Discovery Center becomes available prior to May 31, 2019. In accordance with the renewal option, all other terms and conditions set forth in our lease agreement dated June 14, 2013, shall remain the same.
Sincerely,
/s/ Beth Jantzen
Beth Jantzen
Chief Financial Officer
| Accepted: | |
| /s/ Mary Walton | |
| Mary Walton | |
| Long Island High Technology Incubator, Inc. |
50 Health Sciences Drive • Stony Brook, NY 11790 • tel ###-###-#### • fax ###-###-####
