PURDUE TECHNOLOGY CENTER 3000 kent avenue west lafayette, indiana 47906 EXTENSION OF LEASE
Exhibit 10.25
PURDUE TECHNOLOGY CENTER
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EXTENSION OF LEASE
THIS EXTENSION OF LEASE is made this 9th day of December, 2014 by and between PURDUE RESEARCH FOUNDATION (“Landlord”), an Indiana corporation (formed and existing under the Indiana Foundation or Holding Companies Act, Acts of 1921, ch. 246), and ENDOCYTE (“Tenant”). Landlord and Tenant have previously entered into a lease (the “Lease”) dated January 30, 2013, with a First Amendment dated May 17, 2013, Second Amendment dated July 7, 2013, Extension of Lease dated November 20, ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ dated January 31, 2014 and Fourth Amendment dated April 1, 2014, for space outlined on Exhibit A of this Extension of Lease, at the Purdue Technology Center, located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇.
In consideration of mutual benefits to be derived by the parties, it is agreed that the Lease Term provided under the Lease is hereby extended for a period of Twelve (12) months, commencing January 1, 2015, and expiring December 31, 2015 (the “Extension Period”). All other terms and conditions of the Lease shall be applicable to such Extension Period(s), except as follows:
| 1. | The Monthly Rent Installment for leased space shall be $48,781.14 ($17.71 × 16, 724 square feet of office space, and $33.29 × 8,687 square feet of lab space/12 months) and shall remain in effect during the Extension Period unless otherwise altered under the provisions of Section 4 of the Lease. |
| 2. | The Monthly Rent for the leased furniture shall be $886.31 for the months of January, February and March 2015 only. Furniture rent shall end on March 31, 2015. |
| 3. | The Rent for leased space and leased furniture shall be $588,032.61 ($48,781.14 × 12 months plus $886.31 × 3 months) and shall remain in effect during the Extension Period unless otherwise altered under the provisions of Section 4 of the Lease. |
It is further agreed that all other terms and conditions of the Lease are hereby affirmed and shall remain in full force and effect during the Extension Period.
WITNESS the signatures and seals of the above parties as of the day and year first above written.
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| LANDLORD: | PURDUE RESEARCH FOUNDATION an Indiana corporation (formed and existing under the Indiana Foundation or Holding Companies Act, Acts of 1921, ch. 246) |
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By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ |
ATTEST:
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Director — Physical Facilities and Purdue Research Parks |
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| TENANT: | ENDOCYTE |
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By: /s/ P. ▇▇▇ ▇▇▇▇▇ |
EXHIBIT A
LEASED PREMISES
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| Unit A1-200 | Office Space | 9,131 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 1,715 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 80 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 168 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 230 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 224 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 363 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 906 square feet | ||
| Unit B1-400 | Office Space | (included in A1-200) | ||
| Unit A2-101 | Office Space | 253 square feet | ||
| Unit A2-104 | Office Space | 216 square feet | ||
| Unit A2-105 | Office Space | 161 square feet | ||
| Unit A2-108 | Office Space | 215 square feet | ||
| Unit A2-301 | Office Space | 325 square feet | ||
| Unit A2-304 | Office Space | 216 square feet | ||
| Unit A2-305 | Office Space | 161 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 149 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 1,513 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 148 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 253 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 148 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | Office Space | 149 square feet | ||
| Total | Office Space | 16,724 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 4,069 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 690 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 367 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 325 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 495 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 477 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 339 square feet | ||
| ▇▇▇▇ ▇▇-▇▇▇ | ▇▇▇ Space | 409 square feet | ||
| Unit B2-300 | Lab Space | 379 square feet | ||
| Unit B2-500 | Lab Space | 380 square feet | ||
| Unit B2-700 | Lab Space | 378 square feet | ||
| Unit B2-900 | Lab Space | 379 square feet | ||
| Total | Lab Space | 8,687 square feet |