Addendum to Lease Agreement between ISU Research Park Corporation and NewLink Genetics Corporation (April 2006)
This addendum extends and modifies the lease between ISU Research Park Corporation (landlord) and NewLink Genetics Corporation (tenant) for several suites at 2901 South Loop Drive, Ames, Iowa. It sets new rental terms for Suites 3350, 3600, 3900, and adds Suite 3560, specifying rent amounts and utility responsibilities. The tenant leases the spaces as-is and is responsible for any modifications. The agreement allows the tenant to be released from the lease if they move to a larger facility within the research park. All other terms of the original lease remain in effect.
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Exhibit 10.49
Memorandum of Agreement
| DATE: | April 13, 2006 | |
TO: | Nick Vahanian, Chief Medical & Operations Officer NewLink Genetics Corporation 2901 S. Loop Drive, Suite 3900 Ames, IA 50010 | |
FROM: | Steven T. Carter, President | |
RE: | ADDENDUM TO THE LEASE BETWEEN ISU RESEARCH PARK CORPORATION AND NEWLINK GENETICS CORPORATION DATED FEBRUARY 1, 2001. |
The following information constitutes additions to the Lease Agreement between ISU Research Park Corporation (Landlord) and NewLink Genetics Corporation (Tenant). Upon signatures of appropriate representatives of Landlord and Tenant affixed to this Memorandum, this Memorandum becomes a part of that Lease Agreement dated February 1, 2001.
Landlord agrees to extend the Lease Agreement for Suites 3350 (containing ±1,038 gsf) and 3600 (containing ±1,325 gsf) and for Suite 3900 (containing ±3,147 gsf) in Building #3 at 2901 South Loop Drive, beginning May 1, 2006, in the following manner:
Term | Sq. Ft. Base Rents | Sq. Ft. Operating Rents | Monthly Base Rents | Monthly Operating Rents | Annual Base Rents | Annual Operating Rents | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Suites 3350 & 3600 (containing ±2,363 gsf) | |||||||||||||||
5/1/2006 - 4/30/2007 | $ | 12.00 | Actual | $ | 2,363.00 | Actual | $ | 28,356.00 | Actual | ||||||
Suite 3900 (containing ±3,147 gsf) | |||||||||||||||
5/1/2006 - 4/30/2007 | $ | 12.75 | Actual | $ | 3,343.69 | Actual | $ | 40,124.28 | Actual | ||||||
Landlord agrees to lease to Tenant Suite 3560 (containing ±701 gsf) in Building #3 at 2901 South Loop Drive, beginning May 15, 2006 in the following manner:
Term | Sq. Ft. Base Rents | Sq. Ft. Operating Rents | Monthly Base Rents | Monthly Operating Rents | Annual Base Rents | Annual Operating Rents | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5/15/2006 - 4/30/2007 | $ | 12.00 | Actual | $ | 701.00 | Actual | $ | 8,412.00 | Actual | ||||||
Gas and water usage, as well as utility costs for the HVAC system, will be prorated and invoiced monthly. Electricity is metered separately and will be invoiced directly from the provider. Tenant is responsible for ensuring that the invoice is sent directly to them. (The electrical meter for Suite 3560 also covers Suites 3540 and 3550 which Tenant is currently leasing.)
Tenant leases the space as is. Any modifications will be at the Tenant's sole expense. Landlord agrees to release Tenant from this lease obligation upon Tenant's move into a larger facility at the ISU Research Park. Subject to the terms of this Memorandum, Tenant agrees that all terms and conditions of the February 1, 2001 Lease and those described in this Memorandum shall remain in force.
Please sign and return both originals to my office by April 18, 2006 if you concur with the above terms. We will then send a fully executed copy for your records.
AGREED
| FOR NewLink Genetics Corporation | FOR ISU Research Park Corporation | |
/s/ Nicholas Vahanian | /s/ Steven T. Carter | |
Chief Medical & Operations Officer Title | Director Title | |
4/21/06 Date | 4/21/06 Date |
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