SEC Contract Filing

Filing Date: 2015-07-08

Document Content:
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<TYPE>EX-10.28
<SEQUENCE>2
<FILENAME>v415045_ex10-28.htm
<DESCRIPTION>EXHIBIT 10.28
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.28</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS AGREEMENT made as of the 1st day of
July, 2015, between SANWOOD REALTY CO. (&quot;Landlord&quot;), with offices at 14 Dubon Court, Farmingdale, New York 11735, and
MISONIX, INC. (&quot;Tenant&quot;), with offices at 1934-1938 New Highway, Farmingdale, New York 11735 (the &quot;Demised Premises&quot;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>W&nbsp;I&nbsp;T&nbsp;N&nbsp;E&nbsp;S&nbsp;S&nbsp;E&nbsp;T&nbsp;H&nbsp;</U>:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Landlord and Tenant's predecessor-in-interest
have heretofore entered into a written agreement of lease for premises commonly known as 1938 New Highway, Farmingdale, New York,
dated as of June 30, 1992, as amended and extended by written mesne agreements dated June 16, 1997, January 13, 1998 and June 30,
2010 (collectively, the &quot;Lease&quot;); and,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, according to its terms, the expiration
date of the Lease is June 30, 2015; and,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Landlord and Tenant mutually desire
to extend the term of the Lease for a period of three (3) years commencing July 1, 2015 and terminating June 30, 2018; and,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the parties desire to amend the
Lease in certain other respects hereinafter set forth;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of Ten
Dollars and other good and valuable consideration, the sufficiency and receipt of which is hereby mutually acknowledged, and the
terms and conditions contained herein, it is agreed as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Extension Term</U>. The demised
term is hereby extended for a period of three (3) years commencing July 1, 2015 and terminating June 30, 2018, or terminating on
such prior date as may be permitted by the Landlord under the terms of the Lease (the &quot;Extension Term&quot;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fixed Annual Rent</U>. During this
Extension Term, Tenant's Fixed Annual Rent shall be as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the period from July 1, 2015
through and including June 30, 2016, $305,690.27 per annum;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the period from July 1, 2016
through and including June 30, 2017, $314,860.97 per annum; and,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the period from July 1, 2017
through and including June 30, 2018, $324,306.80 per annum;<BR>
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payable in the manner, place and time set forth in the Lease as may have been amended. Fixed Rent and additional rent shall be
payable without off-set, deduction or counter-claim of any nature or amount.</P>

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