EXHIBIT 10.10
December 11, 2000
Mr. Xxxxx Xxxxx
Endeavor Pharmaceuticals, Inc.
0000 Xxx Xxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Re: Lease for University Corporate Center
Dear Xxxxx:
The following letter incorporates our agreement to amend the Lease
between University Corporate Center, LLC ("Landlord") and Endeavor
Pharmaceuticals, Inc. ("Endeavor") dated September 20, 1999. Except for the
amendments specifically set forth in this letter, all of the other terms and
conditions of the original Lease shall remain in full force and effect.
Our agreed upon amendments follow:
1. Premises. The property described in the Lease as the
"Premises" will change from the original 2,550 rentable square
feet to 4,114 rentable square feet effective as of the date of
your signature on this letter. The sketch attached hereto
shall represent the new Premise.
2. Term. The lease shall be extended from September 20,2000 to
September 30, 2005. Provided, however, at any time after March
20, 2002 and provided that Endeavor is not in default under
the Lease, Endeavor may give six (6) months' notice of early
termination and, after such termination, shall have no further
obligations under this Lease except for obligations which may
have arisen as a result of non-performance prior to such
termination.
3. Base Rent. Base Rent shall continue to be $4,322.25 per month
until February 1, 2001. After February 1, 2001 and continuing
until termination of the Lease, the Base Rent shall be
$6,423.23 per month (as adjusted below) which reflects a
credit of $550.00 per month for the cost of Tenant
improvements. In the event of early termination as above,
Endeavor will not be entitled to any additional credits or
Mr. Xxxxx Xxxxx
Endeavor Pharmaceuticals, Inc.
December 11, 2000
Page 2
refunds for Tenant improvements. All Tenants improvements
shall be property of Landlord. Beginning on September 20,
2001, Base Rent shall be increased by three percent (3%) and
such increase shall be continued on an annual basis thereafter
throughout the term of the Lease. All rental amounts shall be
paid directly to First Atlantic Properties as agent for
Landlord until written notification to the contrary.
4. Right of First Refusal. Paragraph 5 of the original Lease is
amended to change the space subject to the right of first
refusal from the 1,360 square foot space to a 4,561 square
foot space on the second floor of the Building currently
occupied by Greenpoint.
I trust the above accurately reflects our understanding and if so,
please have Endeavor Pharmaceuticals, Inc. execute in the space below.
Very truly yours,
UNIVERSITY CORPORATE CENTER, LLC
By: /s/ Xxxxxxx Xxxx
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scm
AGREED UPON AND ACCEPTED THIS THE 20TH DAY OF DECEMBER, 2000.
ENDEAVOR PHARMACEUTICALS, INC.
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Vice President
