Document:

Exhibit 10.20

 

SECOND
AMENDMENT TO LEASE

 

AMENDMENT TO LEASE dated March 18, 2011
by and between CEDAR BROOK 7 CORPORATE CENTER, L.P., having an office at 4A Cedar Brook Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Landlord”); and OncoBiologics, Inc. having an office at 7 Clarke Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Tenant”).

 

WITNESSETH:

 

WHEREAS, OncoBiologics, Inc. entered into
a Lease Agreement with Landlord dated March 18, 2011 (“Lease”), in connection with office space at 7 Clarke Drive,
Cranbury, New Jersey, 08512; and

 

WHEREAS, a First Amendment to Lease was
entered into in December, 2013, and

 

WHEREAS, the parties want to modify
the terms of the Lease Agreement

 

NOW, THEREFORE, the parties hereto
covenant and agree as follows:

 

		1.	The Tenant and Landlord agree that the Tenant shall expand into 5,707 square feet of office and laboratory space as shown on
Attachment 1 of this Amendment. The Lease Term for this expansion area shall commence upon the earlier of sixty (60) days after
the vacation of the Expansion Area by the existing tenant or the issuance of a certificate of occupancy (CO/TCO/CA) by the township.
The Lease Term expiration shall be co-terminus with that of the remainder of the space, i.e. June 30, 2021. The expansion space
contained in this Second Amendment to Lease shall have the same right of early termination as contained in Paragraph 6 of the First
Amendment to Lease dated January 14, 2014. The right to terminate shall be as of April 30, 2019 with proper notice being

 

     

     

    

 

given as detailed in the Lease. The
Base Rent for this expansion area shall be $18.00 per square foot of space which is equivalent to $102,726.00 annually payable
monthly in the amount of $8,560.50. Additional Rent shall be paid as described in the Lease Agreement.

 

		2.	Landlord shall contribute $13.00 per rentable square foot of area towards the modifications of the Expansion Area. Landlord
shall perform all construction services required for all areas described by this Amendment and shall charge its normal mark-up
for general conditions (2%), overhead (10%) and profit (7.5%) for all such work. Landlord shall present a budget to Tenant for
the modifications of the Expansion Area which shall include all Landlords’ costs and markup. Within ten days of issuance
of drawings, Tenant has the right to obtain a competitive estimate from an acceptable secondary source for comparison with the
Landlord’s budget. This secondary budget shall include a normal markup for a contractor’s general conditions, overhead
and profit. In the event that the Landlord’s budget is lower than the secondary budget, the Landlord’s budget shall
be deemed acceptable and work shall commence immediately upon the issuance of a construction permit. In the event that the Landlord’s
budget is not lower than the secondary budget, the Landlord shall be provided with all the backup details used to develop this
secondary budget. If this secondary budget is then deemed to be correct, the Landlord shall have the right to either perform the
work using the secondary budget or cede the right to perform the work to the Tenant. If the secondary budget is not deemed to be
complete the Landlord and Tenant shall review and modify the secondary budget until it is deemed correct at which time the procedures
described in this paragraph shall be followed. Under no circumstances shall the Tenant be allowed to use the

 

     

     

    

 

services of any of the Landlord’s
contractors that have previously performed work within the Tenant’s facilities. Landlord shall provide a one year warranty
contract for any mechanical failures to the HVAC system in this expansion area. All maintenance requirements for the HVAC shall
remain the responsibility of the Tenant.

 

		3.	Upon approval of the construction budget, Tenant shall issue payment to Landlord in the amount of 50% of the approved construction
budget. Upon receipt of this payment, work shall commence on the fit-out of the facility. Thirty days after the commencement of
construction the Tenant shall issue a second payment to the Landlord in the amount of 25% of the construction budget. Final payment
shall be issued upon the issuance of a CO/TCO/CA by the Township.

 

		4.	Except as set forth above, all other terms and conditions of the Lease shall remain in full force and effect, unimpaired and
unmodified.

 

		5.	This agreement shall be binding upon the parties hereto, their heirs, successors and assigns.

 

IN WITNESS WHEREOF, the parties hereto have
hereunder set their hands and seals or caused these presents to be executed by their proper corporate officers and caused their
proper corporate seals to be hereunder affixed the day and year first above written.

 

     

     

    

 

	Date:	7/18/14	 	By:	/s/ Joseph Stern
	 	 	 	CEDAR BROOK 7 CORPORATE CENTER, L.P.
	 	 	 	 	 
	Date:	 	 	By:	/s/  Donald Griffith, CFO
	 	 	 	ONCOBIOLOGICS, INC.Exhibit 10.21

 

THIRD
AMENDMENT TO LEASE

 

AMENDMENT TO LEASE dated January 16, 2015
by and between CEDAR BROOK 7 CORPORATE CENTER, L.P., having an office at 4A Cedar Brook Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Landlord”); and Oncobiologics, Inc. having an office at 7 Clarke Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Tenant”).

 

WITNESSETH:

 

WHEREAS, the Tenant entered into a Lease
with Landlord dated March 18, 2011 (“Lease”), in connection with office and laboratory space at 7 Clarke Drive, Cranbury,
New Jersey, 08512; and

 

WHEREAS, the parties entered into a First
Lease Amendment dated December, 2013; and a Second Amendment to Lease dated July 18, 2014 and

 

WHEREAS, the parties want to modify
the terms of the Lease,

 

NOW, THEREFORE, the parties hereto
covenant and agree as follows:

 

		1.	The Tenant and Landlord agree that the Landlord shall lease to Tenant approximately 361 square feet of office space (“Recapture
Area C”) as shown on Attachment 1 of this Amendment. All areas shown shall be verified and agreed upon prior to the signing
of this Amendment. The recapture of Recapture Area C shall be effective as of the completion of the move of the entire existing
computer, data and communication lines and HVAC support equipment within Recapture Area C to a new location within the adjacent
tenant’s (Iris ID) space. Tenant shall reimburse the cost of this move in the amount of $5,000 by the adjacent tenant, Iris
ID.

 

     

     

    

 

		2.	Upon the completion of the move the Tenant’s rentable area shall be increased by 361 square feet and the Base Rent shall
continue to be paid on this increased area at the terms included in Lease.

 

		3.	This Amendment shall be subject to the adjacent tenant (Iris ID) and Landlord signing an amendment to their lease under which
the Landlord recaptures area C.

 

		4.	Except as set forth above, all other terms and conditions of the Lease shall remain in full force and effect, unimpaired and
unmodified.

 

		8.	This agreement shall be binding upon the parties hereto, their heirs, successors and assigns.

 

IN WITNESS WHEREOF, the parties hereto have
hereunder set their hands and seals or caused these presents to be executed by their proper corporate officers and caused their
proper corporate seals to be hereunder affixed the day and year first above written.

 

	 	CEDAR BROOK 7 CORPORATE CENTER, L.P.
	 	 	 	 
	 	By:	/s/ Joseph Stern	1/16/15
	 	 	 	 
	 	ONCOBIOLOGICS, INC.
	 	 	 	 
	 	By:	/s/  Donald Griffith	 
	 	 	CFO Oncobiologics, Inc.Exhibit 10.22

 

FOURTH
AMENDMENT TO LEASE

 

AMENDMENT TO LEASE dated February 9, 2015
by and between CEDAR BROOK 7 CORPORATE CENTER, L.P., having an office at 4A Cedar Brook Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Landlord”); and Oncobiologics, Inc. having an office at 7 Clarke Drive, Cranbury, New Jersey 08512 (hereinafter
called the “Tenant”).

 

WITNESSETH:

 

WHEREAS, the Tenant entered into a Lease
with Landlord dated March 18, 2011 (“Lease”), in connection with office and laboratory space at 7 Clarke Drive, Cranbury,
New Jersey, 08512; and

 

WHEREAS, the parties entered into a First
Lease Amendment dated December, 2013; and a Second Amendment to Lease dated July 18, 2014 and a Third Amendment dated January 12,
2015, and

 

WHEREAS, the parties want to modify
the terms of the Lease,

 

NOW, THEREFORE, the parties hereto
covenant and agree as follows:

 

		1.	The Landlord has prepared a construction budget for revisions to Tenant’s existing facility based upon preliminary drawings
and a Basis of Design prepared by Johnsrud Architects and Precis Engineering all dated December 12, 2014. This budget is meant
to be a guideline to the Tenant and is provided with an accuracy of +/- 30%. Changes in scope may increase or decrease the
accuracy of this estimate. A copy of this estimate is attached hereto as Attachment A. Tenant acknowledges that this budget is
acceptable and that it shall be responsible to make payments according to the following schedule:

 

		•	Invoices shall be presented to Tenant every two weeks due to the expedited nature of the project.

 

     

     

    

 

		•	All payments shall be made no later than fifteen (15) calendar days after presentation of invoice.

 

		•	In the event that a payment is not made by the fifteenth day after presentation, Landlord shall
have the right to cease work on the project until such payment is made.

 

		•	Final payment shall be made upon issuance of CO/TCO/CA.

 

		•	A default in the terms of this Amendment will be considered a default under the Lease Agreement.

 

		2.	Except as set forth above, all other terms and conditions of the Lease shall remain in full force and effect, unimpaired and
unmodified.

 

		3.	This agreement shall be binding upon the parties hereto, their heirs, successors and assigns.

 

IN WITNESS WHEREOF, the parties hereto have
hereunder set their hands and seals or caused these presents to be executed by their proper corporate officers and caused their
proper corporate seals to be hereunder affixed the day and year first above written.

 

	 	CEDAR BROOK 7 CORPORATE CENTER, L.P.
	 	 	 	 
	 	By:	/s/ Joseph Stern
	 	 	 	 
	 	ONCOBIOLOGICS, INC.
	 	 	 	 
	 	By:	/s/   Donald Griffith	, CFO

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