EXHIBIT 10.18
FOURTH LEASE AMENDMENT
NORTHFIELD LABORATORIES INC.
0000 XXXXXXXX XXXXXX XXXXX, XX. XXXXXXXX, XXXXXXXX
This Fourth Lease Amendment to Lease (the "Amendment") is made as of
this, 22nd day of September 2003, by and between First Industrial, L.P., a
Delaware Limited Partnership, ("Landlord" or "Lessor") and Northfield
Laboratories Inc., ("Tenant" or "Lessee").
WITNESSETH
WHEREAS, Landlord and Tenant entered into that certain lease (the
"Lease"), dated June 8, 1989 demising approximately 20,400 square feet (the
"Premises") of the building (the "Building") located at 0000 Xxxxxxxx Xxxxxx
Xxxxx, Xxxxx Xxxxxxxx, Xxxxxxxx; and
WHEREAS, Lessor and Lessee entered into that First Lease Amendment (the
"First Lease Amendment"), dated November 24, 1992 redefining the term; and
WHEREAS, Lessor and Lessee entered into that Second Lease Amendment
(the "Second Lease Amendment"), dated May 6, 1998 Lessee exercises it's second
option to renew, and
WHEREAS, Lessor and Lessee entered into that Third Lease Amendment (the
"Third Lease Amendment"), dated September 16th, 1999 expanding the premises and
establishing a term, and
NOW, THEREFORE, in consideration of the foregoing recitals, and for
other good and valuable consideration, the receipt and legal sufficiency of
which are hereby acknowledged, Landlord and tenant agree as follows:
1. Definition. For all purposes of this Amendment, any capitalized
terms utilized, but not defined, in this Amendment shall have the
same meanings as are ascribed to such terms in the Lease.
2. Extension of the Lease Term. Effective as of September 1, 2004,
the term of the Lease (the "Term") is hereby extended for a
five-year period (the "Extended Term"). During the Extended Term,
all of the conditions set forth in the original Lease shall remain
in full force and effect, except as expressly modified by or
inconsistent with, the terms of this Amendment.
3. Rent. The monthly base rent schedule shall be amended as follows:
September 1, 2004 through August 30, 2006.....$23,492.60 per month
September 1, 2006 through August 30, 2009.....$23,957.80 per month
4. Extension. Lessee shall have three (3) additional five-year
options under the same term and conditions as Article XXIV of the
First Lease Amendment.
5. Conflict. In the event there is conflict or inconsistency between
the term and condition of this Amendment and the terms and
conditions of the Lease, the terms and conditions of this
Amendment shall control.
6. All other terms and conditions of the original Lease will remain
in full force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as
of the date first written above.
LANDLORD/LESSOR
FIRST INDUSTRIAL, L.P.,
a Delaware limited partnership
By: /s/ First Industrial
--------------------------------
First Industrial
Its: Regional Director
LESSEE/TENANT:
NORTHFIELD LABORATORIES INC.
By: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
Xx. Vice President