MARYLAND TECHNOLOGY DEVELOPMENT CENTER LICENSE AGREEMENT AMENDMENT 10
Exhibit 10.25
MARYLAND TECHNOLOGY DEVELOPMENT CENTER
AMENDMENT 10
This addendum is made this 29th day of September, 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, #222 and #226, and offices #261, #262, #267 and #317 in the Maryland Technology Development Center in Xxxxxxxxxx County, Maryland (the "Original Premises");
WHEREAS Licensee wishes to expand its office space within the Maryland Technology Development Center and MEDCO is willing to provide for such expansion 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 October 15, 2009, Licensee shall occupy office #260 (the "Expansion Premises"). |
2. | The Monthly Payment, for the Expansion Premises, provided herein shall be as follows: |
From October 15, 2009 to October 31, 2009 |
$ | 178 | |
From November 1, 2009 to April 30, 2010 |
$ | 345 |
3. | 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 November 1, 2009 to April 30, 2010 |
$ | 14,499 | |
Renewal Term (if granted by MEDCO) From May 1, 2010 to April 30, 2011 |
$ | 14,499 |
4. | 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: |
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BY: |
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Xxxxxx Partners, Inc. Center Manager |
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Date: | 9/29/09 | Date: | 9.28.09 | |||||
BY: | /s/ Xxxxxx X. Xxxxxxx |
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Xxxxxx X. Xxxxxxx Executive Director, MEDCO |
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Date: | 10/15/09 |