LEASE AGREEMENT EXTENSION
This Lease Extension Agreement (hereinafter referred to as the “Lease Extension”) is made and entered into this 17th day o
f June, 2010, by and between the INDUSTRIAL DEVELOPMENT AUTHORITY OF DANVILLE, VIRGINIA , a political
subdivision of the Commonwealth of Virginia, (“Landlord”), and LUNA INNOVATIONS INCORPORATED , a corporation
existing under the laws of the State of Delaware (“Tenant”), (collectively the “Parties,” or individually a “Party”).
In consideration of the covenants and obligations contained herein and of other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, and pursuant to the original Lease Agreement, the parties agree
1. Prior Lease . The parties executed a Lease Agreement dated January 1, 2005 (the “Lease”) for a term of sixty (60) months.
Pursuant to section 1.4 Tenant shall have the right to renew the lease for as many as two (2) new sixty (60) month renewal terms,
provided written notice of the election to renew shall be delivered to Landlord not less than six (6) months prior to the expiration
of the previous lease term under all of the same terms, conditions, and provisions of the original Lease. All capitalized terms
used but not defined herein shall have the definitions provided in the Lease. For purpose of this Lease Extension, the
Commencement Date shall be deemed to have been January 1, 2005.
2. Extension of Prior Lease Term . Not withstanding Tenant’s failure to provide written notice of the election to renew not
less than six (6) months prior to the expiration of the initial term of the Lease, which failure to perform Landlord hereby
specifically waives, pursuant to section 1.4 of the aforementioned Lease the parties hereby agree to extend and continue the
Lease for an additional term of five (5) years, commencing on the 1st day of January 2010, and expiring on the 31 day of
December 2014 (the “First Renewal Term”) under all of the same terms, conditions, and pro