EX-10.23



 EXHIBIT 10.23 
  

					
	Hier entsteht Zukunft [The future is shaped here]	 		 	 Innovations-

		 		 	 und Gründerzentrum

		 		 	 Biotechnologie IZB

		 		 	 Martinsried Ÿ Freising

		
	Förderges. IZB mbH, Am Klopferspitz 19, 82152 Planegg	 	
			
	Pieris AG	 	[stamp:] RECEIVED	 	
	Lise-Meitner-Straße 30	 	09 May 2011	 	
			
	85354 Freising Weihenstephan	 	– – – – – – – – – – – –	 	
			
		 		 	 Elke Erger

Telephone: +49 (89) 70 06 56 70

Fax: +49 (89) 70 06 56 77

E-mail: immo@izb-martinsried.de

			
		 		 	 Martinsried, 05/04/2011


 Permanent invoice for lease no. 2011-063 

2nd supplemental agreement to lease agreement numbers A-0037 and A-0052 

Here: Switch to unspecified terms and modification of lease terms and conditions effective 

05/01/2011 
 Ladies and Gentlemen: 

As agreed with Dr. Zobel, we hereby modify your lease terms and conditions effective 05/01/2011 as follows: 

 

													
	 Rental account no. 130222

– 1st upper floor units 1.01 to
1.08 –
	  	approx. m2	 	 	€/m2	 	  	€	 
	 Office and laboratory spaces including common and functional spaces
	  	 	449.60	  	 	 	12.50	  	  	 	5,620.00	  
	 Increase in rent payments for the renovation
	  				 	 	0.00	  	  	 	0.00	  
	 monthly advance payment of ancillary fees (exclusive of heating, hot water and air conditioning)
	  	 	449.60	  	 	 	4.00	  	  	 	1,798.40	  
	 monthly advance payment for heating, hot water and air conditioning
	  	 	449.60	  	 	 	1.50	  	  	 	674.40	  
	 Assigned parking spaces
	  	 	2	  	 	 	40.00	  	  	 	80.00	  
	 Subtotal
	  				 				  	 	8,172.80	  
	 plus value-added-tax
	  	 	19	% 	 				  	 	1,552.83	  
		  				 				  	  
	  
	 
	 Total amount
	  				 				  	 	9,725.63	  
		  				 				  	  
	  
	 









					
	Hier entsteht Zukunft [The future is shaped here]	 	Innovations-
		 		 	 und Gründerzentrum

Biotechnologie IZB
 Martinsried Ÿ Freising


  
  

													
	 Rental account no. 130251

– 1st upper floor units 1.09 to
1.24 –
	  	approx. m2	 	 	€/m2	 	  	€	 
	 Office and laboratory spaces including common and functional spaces
	  	 	816.21	  	 	 	12.50	  	  	 	10,202.63	  
	 monthly advance payment of ancillary fees (exclusive of heating, hot water and air conditioning)
	  	 	816.21	  	 	 	4.00	  	  	 	3,264.84	  
	 monthly advance payment for heating, hot water and air conditioning
	  	 	816.21	  	 	 	1.50	  	  	 	1,224.32	  
	 Assigned parking spaces
	  	 	15	  	 	 	40.00	  	  	 	600.00	  
	 Subtotal
	  				 				  	 	15,291.79	  
	 plus value-added-tax
	  	 	19	% 	 				  	 	2,905.44	  
		  				 				  	  
	  
	 
	 Total amount
	  				 				  	 	18,197.23	  
		  				 				  	  
	  
	 

  

													
	 Rental account no. 130163

– Ground floor unit 0.08 –
	  	approx. m2	 	 	€/m2	 	  	€	 
	 Office and laboratory spaces including common and functional spaces
	  	 	99.12	  	 	 	12.50	  	  	 	1,239.00	  
	 monthly advance payment of ancillary fees (exclusive of heating, hot water and air conditioning)
	  	 	99.12	  	 	 	4.00	  	  	 	396.48	  
	 monthly advance payment for heating, hot water and air conditioning
	  	 	99.12	  	 	 	1.50	  	  	 	148.68	  
	 Assigned parking spaces
	  	 	0	  	 	 	40.00	  	  	 	0.00	  
	 Subtotal
	  				 				  	 	1,784.16	  
	 plus value-added-tax
	  	 	19	% 	 				  	 	338.99	  
		  				 				  	  
	  
	 
	 Total amount
	  				 				  	 	2,123.15	  
		  				 				  	  
	  
	 


  

					
	Managing Director:	  	Am Klopferspitz 19	  	Banking information:
	Dr. Peter Hanns Zobel	  	82152 Planegg/Martinsried	  	Kreissparkasse Munich
		  	Tel.: +49(0)89/700 65 670	  	Routing no. 702 501 50
	Local Court Munich	  	Fax: +49(0)89/700 65 677	  	Account no. 10 032 233
	HRB 111930	  	office@izb-martinsried.de	  	Tax ID No. 143/137/60457
		  	www.izb-online.de	  	VAT ID No. DE 177 565 691

 [photo] 
  

	
	- 2 -










					
	Hier entsteht Zukunft [The future is shaped here]	 	Innovations-
		 		 	 und Gründerzentrum

Biotechnologie IZB
 Martinsried Ÿ Freising


  
  

													
	 Rental account no. 130111

– Basement unit no. 1.31 –
	  	approx. m2	 	 	€/m2	 	  	€	 
	 Rooms in basement
	  	 	26.39	  	 	 	9.20	  	  	 	242.79	  
	 monthly advance payment of ancillary fees (exclusive of heating, hot water and air conditioning)
	  	 	26.39	  	 	 	4.00	  	  	 	105.56	  
	 monthly advance payment for heating, hot water and air conditioning
	  	 	26.39	  	 	 	1.50	  	  	 	39.59	  
	 Subtotal
	  				 				  	 	387.94	  
	 plus value-added-tax
	  	 	19	% 	 				  	 	73.71	  
		  				 				  	  
	  
	 
	 Total amount
	  				 				  	 	461.65	  
		  				 				  	  
	  
	 

  

													
	 Rental account no. 130121

– Basement unit no. 1.33 –
	  	approx. m2	 	 	€/m2	 	  	€	 
	 Rooms in basement
	  	 	23.43	  	 	 	9.20	  	  	 	215.54	  
	 monthly advance payment of ancillary fees (exclusive of heating, hot water and air conditioning)
	  	 	23.43	  	 	 	4.00	  	  	 	93.72	  
	 monthly advance payment for heating, hot water and air conditioning
	  	 	23.43	  	 	 	1.50	  	  	 	35.15	  
	 Subtotal
	  				 				  	 	344.41	  
	 plus value-added-tax
	  	 	19	% 	 				  	 	65.44	  
		  				 				  	  
	  
	 
	 Total amount
	  				 				  	 	409.85	  
		  				 				  	  
	  
	 


  

					
	Managing Director:	  	Am Klopferspitz 19	  	Banking information:
	Dr. Peter Hanns Zobel	  	82152 Planegg/Martinsried	  	Kreissparkasse Munich
		  	Tel.: +49(0)89/700 65 670	  	Routing no. 702 501 50
	Local Court Munich	  	Fax: +49(0)89/700 65 677	  	Account no. 10 032 233
	HRB 111930	  	office@izb-martinsried.de	  	Tax ID No. 143/137/60457
		  	www.izb-online.de	  	VAT ID No. DE 177 565 691

 [photo] 
  

	
	- 3 -










					
	Hier entsteht Zukunft [The future is shaped here]	 	Innovations-
		 		 	 und Gründerzentrum

Biotechnologie IZB
 Martinsried Ÿ Freising


  

Furthermore, in both agreements § 2 (1) will be modified as follows: 

The lease agreement will be renewed for an unspecified time. The termination period shall be 8 months prior to the end of any quarter. 

The other agreements specified in the Principal Lease Agreements shall remain unaffected by this Agreement. 

We kindly ask you to confirm your approval of these changes on the duplicate of this letter and to return this copy to us. 

Of course, we are happy to answer any questions you may have. 

With kind regards, 
  

			
	Fördergesellschaft IZB mbH	  	
		
	/s/ Dr. Peter Hanns Zobel	  	/s/ Elke Erger
	Dr. Peter Hanns Zobel	  	ppa Elke Erger
	Managing Director	  	Property Management


  

					
	Managing Director:	  	Am Klopferspitz 19	  	Banking information:
	Dr. Peter Hanns Zobel	  	82152 Planegg/Martinsried	  	Kreissparkasse Munich
		  	Tel.: +49(0)89/700 65 670	  	Routing no. 702 501 50
	Local Court Munich	  	Fax: +49(0)89/700 65 677	  	Account no. 10 032 233
	HRB 111930	  	office@izb-martinsried.de	  	Tax ID No. 143/137/60457
		  	www.izb-online.de	  	VAT ID No. DE 177 565 691

 [photo] 
  

	
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