Addendum to Lease Agreement between ISU Research Park Corporation and NewLink Genetics Corporation (May 1, 2009)
This addendum extends the lease between ISU Research Park Corporation (landlord) and NewLink Genetics Corporation (tenant) for several suites at 2901 South Loop Drive, Ames, Iowa, from July 1, 2009, to June 30, 2010. It specifies the square footage, base rents, and operating rents for each suite. The tenant leases the spaces as-is and is responsible for any modifications. The landlord agrees to release the tenant from the lease if the tenant moves to a larger facility within the research park. All other terms of the original lease remain in effect.
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Exhibit 10.51
Memorandum of Agreement
| DATE: | May 1, 2009 | |
TO: | Carl Langren 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), 3560 (containing ±701 gsf), and 3600 (containing ±1,325 gsf), for Suite 3900 (containing ±3,147 gsf), and for Suites 3540 & 3550 (±1,439 gsf) in Building #3 at 2901 South Loop Drive, beginning July 1, 2009, 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, 3560 & 3600 (containing ±3,064 gsf) | ||||||||||||||||
7/1/2009 - 6/30/2010 | $ | 12.00 | Actual | $ | 3,064.00 | Actual | $ | 36,768.00 | Actual | |||||||
Suite 3900 (containing ±3,147 gsf) | ||||||||||||||||
7/1/2009 - 6/30/2010 | $ | 12.75 | Actual | $ | 3,343.69 | Actual | $ | 40,124.28 | Actual | |||||||
Suites 3540 & 3550 (containing ±1,439 gsf) | ||||||||||||||||
7/1/2009 - 6/30/2010 | $ | 12.50 | Actual | $ | 1,498.96 | Actual | $ | 17,987.52 | Actual | |||||||
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 May 8, 2009 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 Operating Officer Title | Director Title | |
5/19/09 Date | 5/20/09 Date | |
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