Renewal of Sublease Agreement among Veterinary Technologies Corporation, New River Pharmaceuticals, Inc., and Virginia Tech Foundation, Inc.

Contract Categories: Real Estate › Lease Agreements
Summary

Veterinary Technologies Corporation (Tenant), New River Pharmaceuticals, Inc. (Subtenant), and Virginia Tech Foundation, Inc. (Landlord) have agreed to renew their sublease for approximately 508 square feet in Suite 1120, Research Building II, Blacksburg, Virginia. The renewal extends the sublease for six months, from December 21, 2004, to June 19, 2005, with a monthly rent of $713.32 and an additional monthly charge of $599.40 for furnishings and equipment. All other terms of the original sublease remain unchanged.

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EX-10.7.1 5 dex1071.htm EXHIBIT 10.7.1 Exhibit 10.7.1

Exhibit 10.7.1

 

RENEWAL OF SUBLEASE

 

THIS RENEWAL OF SUBLEASE is made and entered into this 16th day of November, 2004, by and between Veterinary Technologies Corporation, hereinafter called Tenant; New River Pharmaceuticals, Inc., hereinafter called Subtenant; and Virginia Tech Foundation, Inc., hereinafter called Landlord. The terms Tenant and Subtenant are intended to include the successors and assigns of the original parties and their heirs, legal representatives, successors and assigns of the respective entities.

 

WHEREAS, on July 23, 2001, the Tenant and Subtenant entered into a Sublease Agreement in writing of the following demised premises, situated in Montgomery County, Virginia, to wit:

 

Approximately 508 rentable square feet in Suite 1120 in Research Building II,

1861 Pratt Drive, Blacksburg, Virginia.

 

WHEREAS, the Tenant and Subtenant desire to renew the original sublease thereto,

 

THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS:

 

1. The purpose of this modification is to renew the Sublease for the Demised Premises for a period of six months, commencing on December 21, 2004, and ending on June 19, 2005.

 

2. The monthly rental for the renewal term shall be Seven Hundred Thirteen and 32/100 Dollars ($713.32).

 

3. The monthly furnishings and equipment rental for the renewal term shall be Five Hundred Ninety-Nine and 40/100 Dollars ($599.40).

 

All other terms and conditions of the sublease are in full force and effect.

 

IN WITNESS WHEREOF, this Sublease Renewal is entered into by the parties hereto on the date and year first set forth above:

 

For Veterinary Technologies Corporation

    

/s/ James W. Hiney

   11/17/04

James W. Hiney, CEO

  

  (date)

For New River Pharmaceuticals Inc.    

/s/ Randal J. Kirk

   12/1/04

Randal J. Kirk, President & CEO

  

  (date) 

For Virginia Tech Foundation, Inc.    

/s/ Raymond D. Smoot

   12/9/04

Raymond D. Smoot, Jr., COO & Sec.-Treas.

  

  (date)