Exhibit 10.11.3

 

EIGHTH AMENDMENT OF LEASE

 

This EIGHTH AMENDMENT OF LEASE made this 16th day of April, 2012 by and between
E. I. DU PONT DE NEMOURS AND COMPANY (hereinafter “LANDLORD”) and INCYTE
CORPORATION (hereinafter “TENANT”).

 

WITNESSETH:

 

WHEREAS, LANDLORD and TENANT entered into a Sublease dated June 16, 2003 as
amended October 28, 2003 by the First Amendment of Sublease, the Second
Amendment of Sublease dated March 2, 2005, the Third Amendment of Lease dated
December 15, 2006, the extension letter to the Lease dated September 25, 2007,
the Fourth Amendment of Lease dated December 1, 2007, the Fifth Amendment of
Lease dated December 5, 2008, the Sixth Amendment of Lease dated December 15,
2009, and the Seventh Amendment of Lease dated November 1, 2010 (the Sublease
and Lease as amended are hereby referred to as the “LEASE”);

 

WHEREAS, the parties desire to further amend the LEASE to (1) increase the size
of the Leased Premises and increase the rent; and (2) extend the term of the
LEASE;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:

 

(1)   The size of Leased Premises will be increased effective May 1, 2012 by
adding 918 square feet on the third floor in Building E361 and 1078 square feet
of lab space in E336 Basement, all as shown in Exhibit “A” attached hereto and
made a part hereof.

 

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(2)   Effective May 1, 2012 the monthly base rent will increase by $8,649.33 for
the additional space in Building E361 and E336, and the new total monthly base
rental shall be $504,655.08 for the Leased Premises.

 

(3)   In addition to the standard inclusions, the rental rate for the new space
in buildings E361 will include the costs for electric, sewer, and water.
Additional space in E336 will follow Exhibit “F” of the Lease for utility
charges. Tenant’s cost for its allocation for fuel oil for the additional space
in E361 and E336 will be assessed as other space is for the Leased Premises
pursuant to the LEASE.

 

(4)   LANDLORD will replace the carpet and paint the additional Leased Premises
space in Building E361 and paint the additional Leased Premises space in
Building E336 prior to Tenant’s occupancy.

 

(5)   The Term of the LEASE will be extended for an additional six (6) month
period commencing at midnight July 1, 2013 and expiring at midnight on
December 31, 2013 (the “Expiration Date”). TENANT shall have the right to extend
the Term of the LEASE for an additional three (3) years by giving LANDLORD
ninety (90) days prior written notice from the Expiration Date of the LEASE of
TENANT’s exercise of its right to extend the Term.

 

(6)   All other terms and conditions of the LEASE shall remain in full force and
effect.

 

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IN WITNESS WHEREOF, the parties have executed this EIGHTH AMENDMENT OF LEASE on
the day and year above-written.

 

 

WITNESS:

 

E. I. DU PONT DE NEMOURS AND COMPANY

 

 

 

 

/s/ Lois J. Smith

 

By:

/s/ Christopher J. Heck

 

 

Title:

Manager—Corporate Real Estate and Strategic Planning

 

 

 

 

WITNESS:

 

INCYTE CORPORATION

 

 

 

 

/s/ Bonnie Croce

 

By:

/s/ Paula J. Swain

 

 

Title:

Executive Vice President, Human Resources

 

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EXHIBIT “A”

 

Additional Leased Premises

 

(see attached)

 

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