Document:

ecyt_Ex10_22

		
			Exhibit 10.22
		

		
			 
		

		
			FIRST AMENDMENT OF
LEASE AGREEMENT
		

		
			 
		

		
			THIS AGREEMENT is made and entered into this 10th day of November, 2017, by and between PURDUE RESEARCH FOUNDATION , an Indiana corporation (formed and existing under the Indiana Foundation or Holding Companies Act, Acts of 1921, ch. 246), (“Landlord”), and ENDOCYTE (“Tenant”). In consideration of their mutual promises contained in this Amendment, the parties agree as follows: 
		

		
			WHEREAS, the parties hereto have entered into a Lease Agreement dated December 8, 2015, and an Extension of Lease dated December 1, 2016, between Landlord and Tenant for certain premises at the Purdue Technology Center located at 3000 Kent Avenue, West Lafayette, Indiana; and
		

		
			WHEREAS, the parties wish to amend provisions of the agreement:
		

		
			NOW, THEREFORE, IN CONSIDERATION OF the mutual promises and covenants herein, it is agreed between the parties hereto as follows:
		

			
	
			
				 1.
			

			
	
			
			The Description of the Lease Premises shall read as follows:

21,927 square feet in Suites A1-100, A1-200, B1-100A, B1-400, B1-500, A2-100, A2-300, B2-300, B2-500, B2-603, B2-700, and B2-900 (the “Leased Property”) located in the PURDUE TECHNOLOGY CENTER at 3000 Kent Avenue, West Lafayette, Indiana (the “Building”) in the Purdue Research Park (the “Park”). The Leased Property is more particularly shown on EXHIBIT A, attached to this Lease and made a part of this lease by this reference. 

			
	
			
				 2.
			

			
	
			
			The Monthly Rent Installment shall be Forty-Six Thousand Three Hundred Seven and 60/100 Dollars ($46,307.60)

			
	
			
				 3.
			

			
	
			
			The Lease Term provided under this Lease is hereby extended for a period of Six (6) months, commencing January 1, 2018, and expiring June 30, 2018 (the “Extension Period”). 

			
	
			
				 4.
			

			
	
			
			This Amendment and Extension of Lease shall be effective January 1, 2018.

			
	
			
				 5.
			

			
	
			
			It is further agreed that all of the terms and conditions of said aforementioned Lease Agreement dated December 8, 2015, and an Extension of Lease dated December 1, 2016, except as hereby amended, are hereby affirmed and shall remain in full force and effect during the remainder of the term thereof.

		
			WITNESS the signatures and seal of the above parties the day and year first above written. 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						PURDUE RESEARCH FOUNDATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David L. Hodde

				
	
					
						 

					
					
						 

					
					
						David L. Hodde

				
	
					
						 

					
					
						 

					
					
						Assistant Vice President

				
	
					
						 

					
					
						 

					
					
						Director of Real Estate

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Gregory S. Napier

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Gregory S. Napier

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Director – Physical Facilities and Purdue Research Parks

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						TENANT:

					
					
						 

					
					
						ENDOCYTE

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Mike Sherman

				

		 

 

	
					
						

					
						 

					
					
						 

					
					
						 

					
					
						Mike Sherman

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Chief Executive Officer

				

		
			 
		

		
			EXHIBIT A
		

		
			LEASED PREMISES
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Unit A1-200 

					
					
						Office Space

					
					
						9,131 square feet

				
	
					
						Unit B1-100A

					
					
						Office Space

					
					
						1,715 square feet

				
	
					
						Unit B1-400

					
					
						Office Space

					
					
						(included in A1-200)

				
	
					
						Unit A2-101

					
					
						Office Space

					
					
						   253 square feet

				
	
					
						Unit A2-104

					
					
						Office Space

					
					
						   216 square feet

				
	
					
						Unit A2-105

					
					
						Office Space

					
					
						   161 square feet

				
	
					
						Unit A2-108

					
					
						Office Space

					
					
						   215 square feet

				
	
					
						Unit A2-301

					
					
						Office Space

					
					
						   325 square feet

				
	
					
						Unit A2-304

					
					
						Office Space

					
					
						   216 square feet

				
	
					
						Unit A2-305

					
					
						Office Space

					
					
						   161 square feet

				
	
					
						Unit B2-300

					
					
						Office Space

					
					
						   149 square feet

				
	
					
						Unit B2-500

					
					
						Office Space

					
					
						   148 square feet

				
	
					
						Unit B2-603

					
					
						Office Space

					
					
						   253 square feet

				
	
					
						Unit B2-700

					
					
						Office Space

					
					
						   148 square feet

				
	
					
						Unit B2-900

					
					
						Office Space

					
					
						   149 square feet

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Total Office Space

					
					
						13,240 square feet

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Unit A1-100

					
					
						Lab Space

					
					
						4,069 square feet

				
	
					
						Unit B1-500

					
					
						Lab Space

					
					
						   690 square feet

				
	
					
						Unit A2-102

					
					
						Lab Space

					
					
						   367 square feet

				
	
					
						Unit A2-103

					
					
						Lab Space

					
					
						   325 square feet

				
	
					
						Unit A2-106

					
					
						Lab Space

					
					
						   495 square feet

				
	
					
						Unit A2-107

					
					
						Lab Space

					
					
						   477 square feet

				
	
					
						Unit A2-302

					
					
						Lab Space

					
					
						   339 square feet

				
	
					
						Unit A2-303

					
					
						Lab Space

					
					
						   409 square feet

				
	
					
						Unit B2-300

					
					
						Lab Space

					
					
						   379 square feet

				
	
					
						Unit B2-500

					
					
						Lab Space

					
					
						   380 square feet

				
	
					
						Unit B2-700

					
					
						Lab Space

					
					
						   378 square feet

				
	
					
						Unit B2-900

					
					
						Lab Space

					
					
						   379 square feet

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Total Lab Space

					
					
						8,687 square feetecyt_Ex10_26

		
			Exhibit 10.26
		

		
			 
		

		
			ENDOCYTE, INC.
		

		
			 
		

		
			SCHEDULE OF TERMS FOR
		

		
			CHANGE IN CONTROL AND SEVERANCE AGREEMENTS
		

		
			WITH EXECUTIVE OFFICERS
		

		
			 
		

		
			February 2018
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						Termination without Cause or Resignation for Good Reason, prior to a Change in Control or after 12 months following a Change in Control

					
					
						Termination without Cause or Resignation for Good Reason, within 12 months following a Change in Control

				
	
					
						Name of Executive Officer

					
					
						Date of Agreement

					
					
						Severance Payment – Percentage of Base Salary

					
					
						140% COBRA Continuation

					
					
						Accelerated vesting for equity awards that would have vested over the following

					
					
						Severance Payment – Percentage of Base Salary

					
					
						Severance Payment – Percentage of Target Bonus

					
					
						140% COBRA Continuation

					
					
						Percentage of unvested equity awards that will immediately vest

				
	
					
						Michael A. Sherman

					
					
						6/17/16

					
					
						100%

					
					
						12 months

					
					
						12 months

					
					
						200%

					
					
						200%

					
					
						24 months

					
					
						100%

				
	
					
						Michael A. Andriole

					
					
						2/20/17

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						150%

					
					
						150%

					
					
						18 months

					
					
						100%

				
	
					
						Alison A. Armour

					
					
						8/10/15

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						150%

					
					
						150%

					
					
						18 months

					
					
						100%

				
	
					
						Beth A. Taylor

					
					
						5/15/15

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						100%

					
					
						100%

					
					
						12 months

					
					
						100%

				
	
					
						Erik Chelius

					
					
						2/21/18

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						100%

					
					
						100%

					
					
						12 months

					
					
						100%

				
	
					
						Christopher P. Leamon

					
					
						5/15/15

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						150%

					
					
						150%

					
					
						18 months

					
					
						100%

				
	
					
						Katherine K. Parker

					
					
						5/15/15

					
					
						75%

					
					
						9 months

					
					
						9 months

					
					
						100%

					
					
						100%

					
					
						12 months

					
					
						100%

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