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NINTH AMENDMENT of Lease

Lease Agreement

NINTH AMENDMENT of Lease | Document Parties: PHARMACEUTICAL PRODUCT DEVELOPMENT INC | Greenway Office Center LLC | PPD Development, LLC | PPD Developments, LLC | T Wall Properties Management Corp You are currently viewing:
This Lease Agreement involves

PHARMACEUTICAL PRODUCT DEVELOPMENT INC | Greenway Office Center LLC | PPD Development, LLC | PPD Developments, LLC | T Wall Properties Management Corp

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Title: NINTH AMENDMENT of Lease
Date: 2/26/2008
Industry: Biotechnology and Drugs     Sector: Healthcare

NINTH AMENDMENT of Lease, Parties: pharmaceutical product development inc , greenway office center llc , ppd development  llc , ppd developments  llc , t wall properties management corp
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Exhibit 10.255

NINTH LEASE AMENDMENT- PPD Development, LLC

THIS NINTH AMENDMENT of Lease (this “ Amendment ”) is made and entered into this 31 st day of August, 2007, by and between Greenway Office Center L.L.C. (the “ Landlord ”) and PPD Developments, LLC. (the “ Tenant ” ).

RECITALS:

WHEREAS, Tenant, through PPD Development, LLC (Tenant’s predecessor in interest) and Landlord entered into lease dated April 30, 2001, as amended on August 15, 2001, August 25, 2003, March 22, 2004, May 17, 2004, December 5, 2004, June 30, 2005, July 29, 2005 and March 1, 2006, with respect to certain space located at 8551 Research Way, Middleton, Wisconsin(the lease, as so amended and as amended by this Amendment is referred to as the “Lease”) in a building known as the Greenway Research Center (“Building”); and

THEREFORE , for good valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, Landlord and Tenant agree as follows:

 

1. Tenant shall have the right to expand Existing Premises by leasing Suite 130 in the Building, which consists of 12,984 Square Footage (the “ Suite 130 Expansion ”).

 

2. Section 1.10 of the Lease is hereby replaced with the following: “Tenant shall pay rent according to Lease. Starting September 1, 2007, Tenant shall pay additional rent for the Suite 130 Expansion space as follows:

 

Period or Months of Term

   Annual Rate Per Square Foot    Monthly Base Rent
8/1/2007 to 2/28/2008    $ 12.77    $ 13,817.14
3/1/2008 to 2/28/2009    $ 13.15    $ 14,231.65
8/1/2009 to 2/2

 
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