Supplemental Notice to Lease Agreement between Innovation Center, LLC and SCIO Diamond Technology Corporation

Summary

This notice supplements the lease agreement between Innovation Center, LLC (landlord) and SCIO Diamond Technology Corporation (tenant). It confirms that interim rent for the office space begins on December 14, 2011, and full rent for the entire premises starts on April 1, 2012. The lease will expire on March 31, 2019, unless otherwise specified in the lease. Both parties have acknowledged and signed this notice, which clarifies key dates and rent obligations under the original lease.

EX-10.14 3 exhibi10-14.htm EXHIBIT 10.14 exhibi10-14.htm

Exhibit 10.14

Supplemental Notice

RE:	Lease dated October 14, 2011, by and between Innovation Center, LLC, as Landlord, and SCIO Diamond Technology Corporation as Tenant.

Dear Sirs:

Pursuant to Section 1.3 of the captioned Lease, please be advised as follows:

The interim rent commencement date for the office space only (4,919 rentable square feet) is the 14th day of December, 2011. Rent on that area only, based on the Base Rent Rate schedule in Section 1.1.10, will be due until the Rent Commencement Date defined below. The Lease Term will be determined based on the Rent Commencement Date defined below.

The Rent Commencement Date for the full Premises will be the 1st day of April, 2012, and the expiration date of the Lease Term is the 31st day of March, 2019, subject however to the terms and provisions of the Lease.

Terms denoted herein by initial capitalization shall have the meanings ascribed in the Lease.

Landlord: Innovation Center, LLC

By: /s/ Robert E. Hughes, President

Title: President

Acknowledged this day of January, 2012.

Tenant: SCIO Diamond Technology Corporation

By: /s/ Joseph D. Lancia

Title: President