Exhibit 10.2
PURDUE TECHNOLOGY CENTER
3000 Kent Avenue
West Lafayette, Indiana 47906
SECOND AMENDMENT AND
EXTENSION OF LEASE
THIS SECOND AMENDMENT AND EXTENSION OF LEASE is made this 14th day of June, 2018 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 December 8, 2015, Extension of Lease dated December 1, 2016 and First Amendment of Lease dated November 10, 2017 for Units A1-100, A1-200, B1-100A, B1-400, B1-500, A2-100, A2-300, B2-300, B2-500, B2-603, B2-700 AND B2-900 at the Purdue Technology Center, located at 3000 Kent Avenue, West Lafayette, IN.
WHEREAS, the parties wish to amend provisions of the agreement;
NOW THEREFORE, IN CONSIDERATION OF the mutual promises and covenants herein, it is agreed between the parties hereto as follows:
| 1. | | The Description of the Leased Premises shall read as follows: |
20,871 square feet in Suites A1-100, A1-200, B1-100A, B1-400, B1-500, A2-100, A2-300, B2-603, B2-700 and B2-900 (the “Leased Property”) located in the PURDUE TECHNOLOGY CENTER at 3000 Kent Avenue, West Lafayette, Indiana (the “Building”) in the PURDUE RESEARCH PARK (the “Park”). The Leased Property is more particularly shown on EXHIBIT A, attached to this Amendment and made a part of the Lease by this reference.
| 2. | | The Monthly Rent Installment shall be $43,607.93 ($18.79 x 12,943 square feet / 12 months for office space and $35.33 x 7,928 square feet / 12 months for lab space) and shall remain in effect during the Extension Period unless otherwise altered under the provisions of Section 4 of the Lease. |
| 3. | | The Lease Term provided under this Lease is hereby extended for a period of Six (6) months, commencing July 1, 2018 and expiring December 31, 2018 (the “Extension Period”). |
| 4. | | It is understood by both parties that at the next lease renewal (January 1, 2019) the square footage will be adjusted to the full load factor as per the Lease Change of Square Footage memo dated October 30, 2017 (see copy attached). |
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/ David L Hodde | |
| | | | | | David L. Hodde | |
| | | | | | Assistant Vice President | |
| | | | | | Director of Real Estate | |
