EX-10.51 52 a2200411zex-10_51.htm EX-10.51
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Exhibit 10.51

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Memorandum of Agreement

DATE:   May 1, 2009

TO:
 
Carl Langren
NewLink Genetics Corporation
2901 S. Loop Drive, Suite 3900
Ames, IA 50010

FROM:
 
Steven T. Carter, President

RE:
 
ADDENDUM TO THE LEASE BETWEEN ISU RESEARCH PARK CORPORATION AND NEWLINK GENETICS CORPORATION DATED FEBRUARY 1, 2001.

        The following information constitutes additions to the Lease Agreement between ISU Research Park Corporation (Landlord) and NewLink Genetics Corporation (Tenant). Upon signatures of appropriate representatives of Landlord and Tenant affixed to this Memorandum, this Memorandum becomes a part of that Lease Agreement dated February 1, 2001.

        Landlord agrees to extend the Lease Agreement for Suites 3350 (containing ±1,038 gsf), 3560 (containing ±701 gsf), and 3600 (containing ±1,325 gsf), for Suite 3900 (containing ±3,147 gsf), and for Suites 3540 & 3550 (±1,439 gsf) in Building #3 at 2901 South Loop Drive, beginning July 1, 2009, in the following manner:

Term
  Sq. Ft.
Base
Rents 		  Sq. Ft.
Operating
Rents 		  Monthly
Base
Rents 		  Monthly
Operating
Rents 		  Annual
Base
Rents 		  Annual
Operating
Rents

Suites 3350, 3560 & 3600 (containing ±3,064 gsf)

                              
 

7/1/2009 - 6/30/2010

   $ 12.00   Actual   $ 3,064.00   Actual   $ 36,768.00   Actual

Suite 3900 (containing ±3,147 gsf)

                              
 

7/1/2009 - 6/30/2010

   $ 12.75   Actual   $ 3,343.69   Actual   $ 40,124.28   Actual

Suites 3540 & 3550 (containing ±1,439 gsf)

                              
 

7/1/2009 - 6/30/2010

   $ 12.50   Actual   $ 1,498.96   Actual   $ 17,987.52   Actual

        Tenant leases the space as is. Any modifications will be at the Tenant's sole expense. Landlord agrees to release Tenant from this lease obligation upon Tenant's move into a larger facility at the ISU Research Park. Subject to the terms of this Memorandum, Tenant agrees that all terms and conditions of the February 1, 2001 Lease and those described in this Memorandum shall remain in force.

        Please sign and return both originals to my office by May 8, 2009 if you concur with the above terms. We will then send a fully executed copy for your records.

AGREED

FOR
NewLink Genetics Corporation
 
FOR
ISU Research Park Corporation

/s/ Nicholas Vahanian
 
/s/ Steven T. Carter

Chief Operating Officer
 Title
 
Director
 Title

5/19/09
 Date
 
5/20/09
 Date

2



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Memorandum of Agreement