SEC Contract Filing

Filing Date: 2023-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>9
<FILENAME>ex_520698.htm
<DESCRIPTION>EXHIBIT 10.11
<TEXT>
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<p style="margin: 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.11</b></font></p>

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 <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">LEASE DOCUMENT FOR THE UNIVERSITY OF IOWA BIOVENTURES CENTERch</p>
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;">THE LEASE MADE AND ENTERED INTO THIS <u><sup style="vertical-align:top;line-height:120%;font-size:pt"> 21st</sup></u><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>day of <u><sup style="vertical-align:top;line-height:120%;font-size:pt"> February</sup></u><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>, 2023, by and between Board of Regents, State of Iowa, for the use and benefit of the University of Iowa, hereinafter referred to as LESSOR, and Viewpoint Molecular Targeting, hereinafter referred to as the LESSEE. LESSOR and LESSEE are jointly referred to as the &#8220;parties&#8221;.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">1.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;PREMISES: The premises that are the subject of this lease are described in Exhibit A to this lease, which is hereby incorporated into this agreement by reference.</p>

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<p style="margin: 0pt; line-height: 1.25; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 36pt;">2.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;LEASE PERIOD:</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; A.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The term of this lease shall be a period of nine (9) months, commencing March 1, 2023 and ending November 30, 2023. It is mutually agreed that this lease may be terminated by either party upon 30 days written notice to the other party.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; B.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Notwithstanding any other provision in this Agreement to the contrary, the parties acknowledge that LESSOR is presently a subtenant in the building where the premises are located. LESSOR is entering into the present agreement consistent with the authority granted in LESSOR&#8217;s own multi-year lease and purchase option. The parties agree that the present lease will terminate prior to the end of the lease term described in 2(A) above upon termination of the LESSOR&#8217;s own lease of the property, unless the LESSOR&#8217;s own lease terminates due to the LESSOR&#8217;s purchase of the building and premises.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">3.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;RENT: Rent and other charges, including late charges, relating to this lease are described in Exhibit B to this lease, which is hereby incorporated into this agreement by reference. The University reserves the right to increase the rental rate at each renewal time, with no annual increase greater than 3%.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">4.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;RENEWAL: This lease may be renewed for successive terms of one (1) year periods at a rental rate to be agreed upon 45 days prior to the expiration of the existing lease term. If no agreement is reached, the lease shall expire at the end of that term.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-align: justify;">5.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; POSSESSION: LESSEE shall be entitled to possession on the first day of the term of this lease, and shall yield possession to LESSOR at the time and date of the close of