MARYLAND TECHNOLOGY DEVELOPMENT CENTER LICENSE AGREEMENT AMENDMENT 3
Exhibit 10.18
MARYLAND TECHNOLOGY DEVELOPMENT CENTER
AMENDMENT 3
This addendum is made this day of , 2006, by and between MEDCO and Neogenix Oncology, Inc. (“Licensee”).
WHEREAS, MEDCO and Licensee have entered into a License Agreement dated April 28, 2004; Amendment 1 dated June 1, 2004 and Amendment #2 dated June 17, 2005;
WHEREAS, Licensee currently occupies office Labs #211 and #222, and office 317 in the Maryland Technology Development Center in Xxxxxxxxxx County, Maryland (the “Original Premises”);
WHEREAS Licensee wishes to extend its license agreement 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. | Notwithstanding anything contained in the License Agreement to the contrary, effective May 1, 2006 (the “Effective Date”), the Term of the License Agreement is herby extended for a period of One (1) year, commencing on May 1, 2006 and ending on April 30, 2007. |
2. | The aggregate Monthly Payment, for all Premises currently occupied by licensee shall be as follows: |
5/1/06 to 4/30/07 |
$4,212 + $3,630 = $7,842 | |
5/1/07 to 4/30/08 |
$4,633 + $3,993 = $8,626 |
3. | All other provisions of the original License Agreement shall apply to this Amendment |
This Amendment may be signed in counterparts.
FOR: | Maryland Economic | FOR: | Licensee | |||||||||
Development Corporation | Neogenix Oncology, Inc. | |||||||||||
BY: |
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BY: |
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Xxxxxx Partners Management, Inc. | ||||||||||||
MTDC Manager | ||||||||||||
Date: | 6/10/06 | Date: | 6-10-06 | |||||||||
BY: | /s/ Xxxxxx X. Xxxxxxx |
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Xxxxxx X. Xxxxxxx | ||||||||||||
Executive Director, MEDCO | ||||||||||||
Date: | 7/2/06 |