F I X E D - T E R M L E A S E A G R E E M E N T CONCERNING B A S E M E N T R O O M Between Symbion A/S Danish (CVR) No 10 36 97 03 Fruebjergvej 3, DK-2100 Copenhagen ( hereinafter referred to as Symbion ) and Dandrit Biotech A/S Danish CVR No 26 02 73 22 ( hereinafter referred to as the Tenant )on basement rooms/a basement room inSymbion Science Park Fruebjergvej 3/Gribskovvej 4DK-2100 Copenhagen

1.1.   The premises are situated in the property Symbion Science Park, Fruebjergvej 3/Gribskovvej 4, DK­2100 Copenhagen Ø, title No 1185. The total gross area of the property is 19,800 m², of which the basement makes up 1,956 m².

1.2.   The premises comprise

1.3.   Notwithstanding any measuring of the premises after the signing of this Lease Agreement and any variation of such measuring from the areas specified in Clause 1.2, no adjustment is to be made in respect of the payments, including the rent, under this Lease Agreement.

2.1.   As regards the term and termination of the Lease Agreement, reference is made to Clause 15 below. This Lease Agreement is for a fixed term.

3.    Layout and fittingout

3.1.   The Tenant is to tak e possession of the premises including walls, ceilings and woodwork and, in every respect, as found and as inspected by the Tenant.

4.    Use

4.1.   The premises are to be used for storage and may not, without the written consent of Symbion, be used for any other purpose.

4.2.   The Tenant shall be responsible for ensuring that the activities carried out by the Tenant from the premises are not contrary to any public regulation. If the activity carried out by the Tenant in the premises requires that any permit be obtained from public authorities, including planning authorities, fire authorities, health authorities, environmental authorities, working environment authorities or any other authority, or if any renovation, fitting out or any other arrangement is carried out upon requirement from public authorities, the Tenant shall itself obtain such permit and carry out such arrangement for its own account. The Tenant shall, without undue delay,

5.    Rent and its payment

5.1.   The annual rent has been calculated based on the gross area, see Clause 1.2. In addition to the rent, the Tenant shall pay a contribution towards Symbion’s aggregate operating costs as well as a contribution towards Symbion’s aggregate heating costs. All costs not attributable specifically to the individual tenant are based on the number of gross square meters rented:

5.2.   The annual rent has been set out in Clause 5.1. The rent is to fall due for payment in advance on the first day of each month, but payment is to be deemed to be in time if made no later than 8 days after the due date.

5.3.   If the Tenant fails to effect payment within the time stipulated, see Clause 5.2, and fails to pay the amount outstanding no later than 3 days after receiving a written notice demanding payment, that will be deemed to be material breach of the Lease Agreement, which will result in the Landlord being entitled to terminate the Lease Agreement without notice pursuant to section 69(1), paragraph 1, of the Danish Business Leases Act. If a written notice is sent, a charge will, in accordance with applicable legislation, be added to the outstanding rent amount, as will an extra charge of 2% of the outstanding amount in excess of DKK 1,000.

5.4.   The annual rent is to be payable in monthly installments, the first installment falling due upon the signing of the Agreement.

6. Adjustment of the rent

6.1.   The annual rent is to be increased once a year, on the first day of each month of January, by 3%.

6.2.   The basis for the adjustment is to be the annual rent applying in the month immediately prior to the adjustment taking effect.

6.3.   Notwithstanding any non­terminability, any special adjustment agreed or any other increase agreed, either Party may demand that the annual rent be adjusted according to the lease legislation in force at any time, including

6.4.   The annual rent includes the direct and indirect taxes affecting the property as at 1 January 2013. In the event of any future change in direct or indirect taxes, such date is to form the basis for any rent adjustment.

6.5.   The proportion relating to the premises of the direct and indirect taxes affecting the entire property is calculated based on gross areas, see Clause 1.1, and any future adjustment is to be distributed according to that basis.

6.6.   If the annual rent is adjusted pursuant to the lease legislation in force at any time, the rent adjustment agreed in Clause 6.1 is to continue on this new basis.