SEC Contract Filing

Filing Date: 2024-07-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>adventtechnologies_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>THIRD AMENDMENT TO LEASE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0; text-align: justify">THIS THIRD AMENDMENT TO LEASE
(this &#8220;<B><U>Third Amendment</U></B>&#8221;) is made as of the 29<SUP>th</SUP> day of June, 2024 by and between HOOD PARK LLC,
a Massachusetts limited liability company with an address of 6 Kimball Lane, Lynnfield, Massachusetts 01940 (&#8220;<B><U>Landlord</U></B>&#8221;)
and ADVENT TECHNOLOGIES, INC., a Delaware corporation with an address of 500 Rutherford Avenue, Suite 102, Boston, Massachusetts 02129
(&#8220;<B><U>Tenant</U></B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>WITNESSETH</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A.&nbsp;Landlord and Tenant are
parties to a certain Lease dated as of March&nbsp;5, 2021 (the &#8220;<B><U>Original Lease</U></B>&#8221;), as amended by that certain
First Amendment to Lease dated as of June ___, 2022 (the &#8220;<B><U>First Amendment</U></B>&#8221;) and the certain Second Amendment
to Lease dated as of April&nbsp;4, 2024 (the &#8220;<B><U>Second Amendment</U></B>&#8221;; the Original Lease, the First Amendment and
the Second Amendment, together, the &#8220;<B><U>Lease</U></B>&#8221;) whereby Landlord leases to Tenant certain premises consisting
of approximately 21,401 rentable square feet on the first (1<SUP>st</SUP>) floor (the &#8220;<B><U>Demised Premises</U></B>&#8221;) of
the building commonly known as 500 Rutherford Avenue, Charlestown, Massachusetts (the &#8220;<B><U>Building</U></B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">B.&nbsp;The Lease Term is scheduled
to expire on January&nbsp;31, 2031 (the &#8220;<B><U>Expiration Date</U></B>&#8221;), however, Landlord and Tenant wish to accelerate
the expiration of the Lease to occur on June&nbsp;30, 2024 (the &#8220;<B><U>New Expiration Date</U></B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">C.&nbsp;Tenant currently owes Landlord an amount equal to $737,921.99 (the &#8220;<B><U>Tenant&#8217;s Total Payment Obligation</U></B>&#8221;) consisting of (i) $642,874.40 representing the Deferred Rent Amount set forth in the Second Amendment, plus an additional $13.04 in Fixed Rent, (ii) $10,756.84 with respect to the annual reconciliation of Operating Expenses and Taxes for calendar year 2023, (iii) $82,824.61 with respect to utilities through the period ending June&nbsp;26, 2024, and (iv) $1,453.10 in late fees for prior late payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">D.&nbsp;Landlord and Tenant wish make certain amendments and modifications to the terms and provisions of the Lease consistent with the foregoing. The Lease, as modified by this Third Amendment, is hereinafter referred to as the &#8220;Lease.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;<U>Definitions</U>. Each capitalized term used in this Third Amendment shall have the same meaning as is ascribed to such capitalized term in the Lease, unless otherwise provided for herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.&nbsp;<U>Term</U>. Landlord and Tenant hereby acknowledge and agree that the expiration of Term of the Lease is hereby accelerated to occur on the New Expiration Date and, effective as of the New Expiration Date, the Term of the Lease shall be deemed to have expired and the Lease shall be deemed to have terminated in all respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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