Common use of Abated Base Rent Clause in Contracts

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amended, then during the months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this Amendment. If Tenant shall be in default under the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amendedthis Lease beyond all applicable notice and cure periods, then during the months seven (7) month period commencing on the first (1st) day of July the second (2nd) full calendar month of the Lease Term and August for continuing through and including the last day of the eighth (8th) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $460,152.00 (i.e., $65,736.00 per month)]. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term (as the same may have been modified by virtue of such termination) and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in fullfull (subject to the application of such credit).

Abated Base Rent. Provided that Tenant is not then in economic or material non-economic default of the LeaseLease (as hereby amended, as amendedand beyond any applicable notice and cure periods), then during the months of July period commencing on September 1, 2009 and August for calendar years 2013ending on September 30, 2014, 2015, 2016, 2017, 2018, and 2019 2009 (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Reduced Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the ______________________ Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental Rent and performing the terms and conditions otherwise required under this Amendmentthe Lease (as hereby amended). If (X) Tenant shall be in economic or material non-economic default under of the LeaseLease (as hereby amended), as amended, and (Y) Tenant shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms the Lease (as hereby amended), and conditions (Z) the Lease (as hereby amended) is terminated as a result of such failure, then Landlord may, at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease (as hereby amended), one or both of the Lease, as amended, or if the Lease is terminated for any reason other than following remedies: (i) termination in accordance with that Tenant shall immediately be obligated to pay Landlord all Base Rent abated hereunder during the provisions of Article 11 of the LeaseRent Abatement period, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Lease, then that the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Term and Tenant shall immediately be obligated to begin paying Base Rent for the Reduced Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of this Lease (beyond the expiration of any applicable notice and cure period expressly set forth in this Lease, as amended), then during the months period commencing on the first day of July the first (1st) full calendar month of the Lease Term and August for continuing through and including the last day of the fourth (4th) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $104,956.00 (i.e., $26,239.00 per month). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, -6- HCP XXXXXX XXXXX, LLC [11099 NORTH XXXXXX XXXXX ROAD] [Synthorx Inc.] as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.