MARYLAND TECHNOLOGY DEVELOPMENT CENTER LICENSE AGREEMENT AMENDMENT 9
Exhibit 10.23
MARYLAND TECHNOLOGY DEVELOPMENT CENTER
AMENDMENT 9
This addendum is made this 30 day of April, 2009, by and between MEDCO and Neogenix Oncology, Inc. (“Licensee”).
WHEREAS, MEDCO and Licensee have entered into a License Agreement dated April 28, 2004;
WHEREAS, Licensee currently occupies Labs #211 and #222, and offices #000, #000, #000, #000 and #317 in the Maryland Technology Development Center in Xxxxxxxxxx County, Maryland (the “Original Premises”);
WHEREAS Licensee wishes to reduce its office space within the Maryland Technology Development Center and MEDCO is willing to provide for such reduction based on the terms provided for below;
NOW, THEREFORE, in consideration of the mutual covenants and agreements stated herein, the parties agree as follows:
1. | Effective May 31, 2009, Licensee shall vacate office #132 (the “Reduction Premises”). |
2. | The aggregate Monthly Payment, to include the Monthly Payment for the Original Premises and the Reduction Premises provided for herein shall be as follows: |
From June 1, 2009 to April 30, 2010 |
$ | 10,161 | |
Renewal Term (if granted by MEDCO) From June 1, 2010 to April 30, 2011 |
$ | 11,177 |
3. | All other provisions of the original License Agreement shall apply to this Amendment |
This Amendment may be signed in counterparts.
FOR: |
Maryland Economic Development Corporation |
FOR: | Neogenix Oncology, Inc. | |||||
BY: |
/s/ Xxxxx Xxxxxxx |
BY: |
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Xxxxxx Partners, Inc. Center Manager |
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Date: |
5/22/09 | Date: | 4/30/09 | |||||
BY: |
/s/ Xxxxxx X. Xxxxxxx |
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Xxxxxx X. Xxxxxxx Executive Director, MEDCO |
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Date: |
6/3/09 |