EQUIPMENT AND GROUND SUBLEASE AMENDMENT NO. 3
EQUIPMENT
AND GROUND SUBLEASE AMENDMENT NO. 3
THIS
EQUIPMENT AND GROUND SUBLEASE AMENDMENT NO. 3
entered
into this 22nd
day of
November, 2006 by and between EmTech Biotechnology Development, Inc.
(“Landlord”) and GeoVax, Inc. (“Tenant”).
WITNESSETH:
WHEREAS,
Landlord
and Tenant entered into an Equipment and Ground Sublease agreement dated
December 1, 2001 (hereinafter the “Sublease Agreement”) per which Landlord
leased to Tenant certain space at 0000 Xxxxxxxxxx Xxxx, Xxxxxxx, XX 00000,
as
described in said Sublease Agreement; and subsequent Equipment and Ground
Sublease amendments, and
WHEREAS,
the
parties hereby desire to amend said Sublease Agreement in order to increase
the
amount of space subleased to Tenant and the amount of rent paid
therefore.
NOW,
THEREFORE,
in
consideration of the premises set forth herein, TEN DOLLARS ($10.00) in hand
paid and other good and valuable consideration the receipt and sufficiency
of
which have been acknowledged and agreed to by both parties, Landlord and
Tenant
agree as follows:
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1.
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The
aforesaid recitals are deemed restated here and made a part of
this
agreement by reference.
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2.
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The
Sublease Agreement is hereby amended to increase the amount of
space
leased by Landlord to Tenant to include an EmTech Bio Module #6
in its
entirety effective as of February 2,
2007.
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3.
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The
total amount of rent to be paid each month by Tenant to Landlord
shall be
increased to $3,920.10 per month plus expenses, which expenses
will now
include 50% of the electrical charges for Module #6 in addition
to 50% of
electrical charges for module #4 and #5 and 24% of electrical charges
for
Module #2. Beginning February 1, 2007, the rental rate will be
increased
to $3,920.10 per month plus expenses as stated
above.
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4.
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Except
as expressly added to or modified herein, all other terms and conditions
of the Sublease Agreement shall remain unchanged and in
effect.
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[Signatures
appear on next page.]
EMTECH
BIOTECHNOLOGY, INC. AND GEOVAX, INC.
EQUIPMENT
AND GROUND SUBLEASE AMENDMENT NO. 3
IN
WITNESS WHEREOF,
the
parties have hereunto set their hands and seals the date above first
written.
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LANDLORD:
Emtech Biotechnology, Inc.
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TENANT:
GeoVax, Inc.
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By:
/s/
Xxxxxx
Xxxxxx
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By:
/s/
Xxxxxx X.
Xxxxxxxxxx
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Title:
Facilities
Manager
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Title:
CEO
&
President
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Date:
22
November
2006
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Date:
22
November
2006
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