Re: Lease Agreement between ARE-20/22/1300 Firstfield Quince Orchard, LLC (“Landlord”) and IOMAI Corporation (“Tenant”) regarding that certain Premises located at 20 Firstfield Road, Gaithersburg, Maryland 20878 (the “Property”)
EXHIBIT 10.11.6
ARE-20/22/1300 FIRSTFIELD QUINCE ORCHARD, LLC
January 3, 2006
Re:
|
Lease Agreement between ARE-20/22/1300 Firstfield Quince Orchard, LLC | |
(“Landlord”) and IOMAI Corporation (“Tenant”) regarding that certain Premises | ||
located at 00 Xxxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxx 00000 (the “Property”) |
Dear Rip:
Pursuant to the terms of that certain Fourth Amendment to Lease, dated as of October 26, 2005
(the “Fourth Amendment”), Landlord and Tenant amended the above-referenced Lease Agreement (said
Lease Agreement, as previously amended by that certain First Amendment to Lease, dated November 29,
2001, that certain Second Amendment to Lease, dated April 14, 2003, and Third Amendment to Lease,
dated August 28, 2003, and amended by the Fourth Amendment, is herein collectively the “Lease”).
Under the Fourth Amendment, Tenant and Landlord, among other things, agreed to expand the premises
under the Lease, to include the Third Expansion Space (as defined in the Fourth Amendment). Also
under the Fourth Amendment, Tenant was given a tenant improvement allowance in the amount of $15.00
per rentable square foot of the Third Expansion Space (the “Third Expansion TIA”) to be used by
Tenant to improve the Third Expansion Space and to be administered in accordance with the terms of
the Third Expansion Work Letter (as defined in the Fourth Amendment) which is attached as Exhibit B
to the Fourth Amendment.
Tenant has now requested and Landlord has agreed to provide to Tenant an additional tenant
improvement allowance in the amount of $280,000 (the “Additional Tenant Improvement Allowance”), to
be used by Tenant for the completion of those certain “Tenant Improvements” defined in the Third
Expansion Work Letter and which relate to the Third Expansion Space. The Additional Improvement
Allowance shall be disbursed by Landlord to Tenant in accordance with the terms of the Third
Expansion
Work Letter, in the same manner as the Third Expansion TIA and as if the Additional Tenant
Improvement Allowance were provided for thereunder. Tenant further shall only use the Additional
Tenant Improvement Allowance consistent with the terms of the Third Expansion Work Letter.
In consideration for the Additional Tenant Improvement Allowance, Tenant shall pay to
Landlord, as Additional Rent, equal monthly payments in an amount necessary to fully amortize the
Additional Tenant Improvement Allowance over the remainder of the term of the Lease, at an annual
interest rate of 10.5%. Such payments of Additional Rent shall be made on the first day of each
month commencing effectively as of the date such funds are drawn down and continuing through and
including May 31, 2013, as set forth on Schedule 1 attached hereto.
This letter agreement shall be considered a supplement to the Lease and shall be enforceable
against the parties in accordance with the enforcement provisions set forth in the Lease.
Please evidence your agreement to the terms contained herein by countersigning this letter
where indicated below and returning an original to the undersigned.
ARE-20/22/1300 FIRSTFIELD QUINCE ORCHARD, LLC, a Delaware limited liability company | ||||||||
By: | ARE-GP/VI Holdings QRS Corp., a Delaware corporation, managing member | |||||||
By: | /s/ Xxxxxxxx Xxxxxx | |||||||
Name: | Xxxxxxxx Xxxxxx | |||||||
Title: | V.P. & Assistant Secretary |
AGREED AND ACCEPTED AS OF THIS
3rd DAY OF JANUARY, 2006
3rd DAY OF JANUARY, 2006
IOMAI CORPORATION,
a Delaware corporation
a Delaware corporation
By:
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/s/ Xxxxxxx X. Xxxx | |
Name:
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Xxxxxxx X. Xxxx | |
Title:
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President & CEO | |
SCHEDULE 1
To Follow