Document:

Exhibit 10.21 

 

 

PURDUE TECHNOLOGY CENTER

3000
kent avenue

west
lafayette, indiana 47906

 

EXTENSION OF LEASE

 

THIS EXTENSION OF LEASE
is made this 20th day of November, 2013 by and between PURDUE RESEARCH FOUNDATION (“Landlord”), an Indiana corporation
(formed and existing under the Indiana Foundation or Holding Companies Act, Acts of 1921, ch. 246), and ENDOCYTE (“Tenant”).
Landlord and Tenant have previously entered into a lease (the “Lease”) dated January 30, 2013, with a First Amendment
dated May 17, 2013 and Second Amendment dated July 7, 2013 for space outlined on Exhibit A of this Extension of Lease, at the Purdue
Technology Center, located at 3000 Kent Avenue, West Lafayette, Indiana 47906.

 

In consideration of mutual benefits to be
derived by the parties, it is agreed that the Lease Term provided under the Lease is hereby extended for a period of Twelve (12)
months, commencing January 1, 2014, and expiring December 31, 2014 (the “Extension Period”). All other
terms and conditions of the Lease shall be applicable to such Extension Period(s), except as follows:

 

		1.	The Monthly Rent Installment shall be $47,896.35 ($17.71 x15, 524 square feet of office space, $33.29 x 8,687 square
feet of lab space/ 12 months plus an additional $886.31 per month for the purchase of workstations) and shall remain in effect
during the Extension Period unless otherwise altered under the provisions of Section 4 of the Lease.

 

		2.	The Rent shall be $574,756.20 ($47,896.35 x12 months) and shall remain in effect during the Extension Period unless
otherwise altered under the provisions of Section 4 of the Lease.

 

It is further agreed that all other terms
and conditions of the Lease are hereby affirmed and shall remain in full force and effect during the Extension Period.

 

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

 

		
	LANDLORD	PURDUE RESEARCH FOUNDATION
	 	 
	 	an Indiana corporation (formed and existing under the Indiana Foundation or Holding Companies Act, Acts of 1921, ch. 246)
	 	 
	 	By:	/s/ David L. Hodde            

David L. Hodde

Assistant Vice President

Director of Real Estate

 

	ATTEST:	 
	 	 
	By:	
        /s/ Jan H. Mills

        Jan H. Mills

        Director of Economic Development

 

 

		
	TENANT:	ENDOCYTE
		 
	 	By:	/s/ Michael A. Sherman            

Mike Sherman

Chief Financial Officer

 

    	 

    	 

    

 

 

 

EXHIBIT A

LEASED PREMISES

 

 

	Unit A1-200	Office Space	9,131 square feet
	Unit B1-008	Office Space	80 square feet
	Unit B1-200	Office Space	168 square feet
	Unit B1-201	Office Space	230 square feet
	Unit B1-202	Office Space	224 square feet
	Unit B1-203	Office Space	363 square feet
	Unit B1-300	Office Space	906 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 B2-400	Office Space	1,513 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
	Unit C1-201	Office Space	324 square feet
	Unit C1-202	Office Space	191 square feet

 

 

	Total Office Space	15,524 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 feetExhibit 10.1
    

    

    

    
      AMENDMENT TO LOAN AGREEMENT 
    

    

    

    
      AND REVOLVING CREDIT NOTE
    

    

    

    
      February 25, 2014
    

    

    

    
      This Amendment to Loan Agreement and Revolving Credit Note (this “Agreement”)
      is made and entered into as of the date set forth above, by and among
      NTR Metals, LLC (the “Company”) and DGSE Companies, Inc. (“DGSE”).  Capitalized
      terms used but not defined herein have the meaning assigned to them in
      the Loan Agreement and/or Note (as defined below), as applicable.
    

    

    

    
      RECITALS
    

    

    

    
      WHEREAS, the undersigned entered into that certain Loan
      Agreement, dated as of July 19, 2012, by and between the Company and
      DGSE (the “Loan Agreement”), pursuant to which the Company
      agreed to extend credit to DGSE; and
    

    

    

    
      WHEREAS, DGSE executed that certain Revolving Credit Note, dated
      as of July 19, 2012, by and between the Company and DGSE (the “Note”),
      pursuant to which DGSE promised to pay to the Company funds advanced by
      the Company, with interest thereon; and
    

    

    

    
      WHEREAS, pursuant to this Agreement, DGSE and the Company are
      amending the terms of the Loan Agreement and Note.
    

    

    

    
      NOW, THEREFORE, in consideration of the foregoing and the mutual
      covenants and agreements herein contained, and intending to be legally
      bound hereby, the parties hereto agree as follows:
    

    

    

    
      AGREEMENT
    

    

    

    
      1.               Extension
      of Loan Agreement.  Section 1.1 of the Loan Agreement is hereby
      amended so that the reference to “August 1, 2014” in the definition of
      “Termination Date” is changed to “August 1, 2015”.
    

    

    

    
      2.               Extension
      of Note.  Subparagraph (b) of the Note is hereby amended so that the
      reference to “August 1, 2014” in the definition of “Maturity Date” is
      changed to “August 1, 2015”.
    

    

    

    
      3.               Continuing
      Guaranties, Security Interests and Liens.  DGSE agrees that all of
      the guaranties, security interests and liens granted by DGSE in favor of
      the Company pursuant to the Loan Documents shall remain in full force
      and effect once this Agreement takes effect and extends the Loan
      Agreement and Note as herein stated.
    

    

    

    
      4.               Authority.  Each
      party hereto represents and warrants that it had and has all necessary
      authority and legal capacity to enter into the Loan Agreement, the Note
      and this Agreement.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      5.         Choice of Law.  The
      Loan Agreement, the Note and this Agreement are to be construed
      according to the laws of the State of Texas and the applicable laws of
      the United States of America.
    

    

    

    
       6.        Integration
      of Contract.  The Loan Agreement and Note, as amended by this
      Agreement, constitute the full understanding of the parties, and no
      terms, conditions, understandings or agreements purporting to modify or
      vary the terms of the Loan Agreement, the Note or this Agreement shall
      be binding unless hereafter made in writing and signed by the party to
      be bound.
    

    

    

    
       7.        Counterparts.  This
      Agreement may be executed in one or more counterparts, each of which
      will be deemed an original, but all of which together will constitute
      one and the same instrument.
    

    

    

    
      IN WITNESS HEREOF, the undersigned have executed this Agreement
      on the date first appearing above.
    

    

    

    	
           
        	
          
            NTR METALS, LLC
          

        
	

        	
           
        
	

        	
          By
        	

        
	

        	

        	
          Name:
        
	

        	

        	
          Title:
        
	

        	

        	
           
        
	

        	
           
        
	

        	
          
            DGSE COMPANIES, INC.
          

        
	

        	
           
        
	

        	
          By
        	

        
	

        	

        	
          Name:
        
	

        	

        	
          Title:Exhibit 10.18

  

Miller Industries, Inc.

8503 Hilltop Drive

Ooltewah, TN 37363

 

November 27, 2013

 

VIA EMAIL

Mr. William G. Miller

101 S.E. 23rd Avenue

Ft. Lauderdale, FL 33301

 

Re:  Employment and Change in Control Agreements

 

Dear Mr. Miller:

 

At its meeting on November 4, 2013, the Board of Directors of the Company made the determination to terminate the automatic renewing feature of your Employment Agreement, as  amended and restated, dated December 30, 2008.  As such, I have been directed to provide you with Notice of such action.

 

Accordingly, effective December 31, 2013, under paragraph 1 of the Employment Agreement between you and the Company, as amended and restated, dated December 30, 2008 the Term of the Agreement shall be extended three years.

 

All other terms of the Agreements shall remain unchanged.

 

Please acknowledge receipt of this letter by signing in the space provided below and return to me by email.

 

	 	 	 
Very truly yours,

	 
	 	 	 	 
	 	 	 
/s/ Frank Madonia

	 
	 	 	 
Frank Madonia,

	 
	 	 	 
General Counsel

	 
	 	 	 	 
	 
FM/jf

	 	 	 
	 	 	 	 
	 
Receipt acknowledged

	 	 	 
	 	 	 	 
	 
/s/ William G. Miller

	 	 	 
	 
William G. MillerExhibit 10.19

 

Miller Industries, Inc.

8503 Hilltop Drive

Ooltewah, TN 37363

 

November 27, 2013

 

VIA EMAIL

Mr. Jeffrey I. Badgley

1905 Stoney Creek Drive

Chattanooga, TN 37421

 

Re:  Employment and Change in Control Agreements

 

Dear Mr. Badgley:

 

At its meeting on November 4, 2013, the Board of Directors of the Company made the determination to terminate the automatic renewing feature of your Employment Agreement and the associated change in Control Agreement, as each was amended and restated, dated December 30, 2008.  As such, I have been directed to provide you with Notice of such action.

 

Accordingly, effective December 31, 2013, under paragraph 3 of the Employment Agreement between you and the Company, as amended and restated, dated December 30, 2008 and under Paragraph II of the Change in Control Agreement between you and the Company, as amended and restated, dated December 30, 2008, the Term of the Agreements will not be extended.

 

All other terms of the Agreements shall remain unchanged.

 

Please acknowledge receipt of this letter by signing in the space provided below and return to me by email.

 

	 	 	 
Very truly yours,

	 
	 	 	 	 
	 	 	 
/s/ Frank Madonia

	 
	 	 	 
Frank Madonia,

	 
	 	 	 
General Counsel

	 
	 	 	 	 
	 
FM/jf

	 	 	 
	 	 	 	 
	 
Receipt acknowledged

	 	 	 
	 	 	 	 
	 
 
/s/ Jeffrey I. Badgley

	 	 	 
	 
 
Jeffrey I. Badgley

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}]]