1
EXHIBIT 10.10
CONFIRMATORY SECOND AMENDMENT TO LEASE
Reference is hereby made to a Lease dated June 21, 1988, as amended
(the "Lease") by and between Xxxxx X. Xxxxxxxx, Trustee of New Providence Realty
Trust, as Lessor ("Lessor"), and ImmunoGen, Inc. as Lessee ("Lessee").
Whereas Lessor and Lessee intend to make certain changes in the Lease,
Now, therefore, in consideration of the mutual conditions and covenants
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:
1. The size of the Premises now consists of 27,650 square feet,
and all references thereto in the Lease shall be so amended.
2. The term of the Lease is hereby extended for the period
beginning July 1, 1997 and ending on June 30, 2000.
3. Lessee shall have the right to extend this Lease for one
3-year period by notifying Lessor in writing at least 120 days
before the Expiration Date of Lessee's election to extend the
Lease Term. The Extension Term shall commence immediately
after the original Expiration Date set forth in paragraph 2
herein. All other terms and conditions of the Lease shall
remain in full force and effect, except as provided herein.
4. The Yearly Fixed Base Rent during the term set forth in
paragraph 2 herein shall be $214,287.50, payable in monthly
installments of $17,857.29. The Yearly Fixed Base Rent during
the Extension Term shall be $248,850, payable in monthly
installments of $20,737.50.
5. Tenant's Pro-Rata share of Operating Costs and Real Estate
Taxes, subject to adjustment as provided in the Lease, shall
be paid monthly in advance together with Fixed Base Rent, as
follows:
Real Estate Taxes $23,382.70/year $2,115.22/month
Operating Costs $21,152.25/year $1,762.68/month
Executed as a sealed instrument this 17th day of September 1997.
LESSOR: New Providence Realty Trust LESSEE: ImmunoGen, Inc.
By: /s/Xxxxx X. Xxxxxxxx By: /s/Xxxxxxxx X.Xxxxxxx
------------------------------- ------------------------------------
Xxxxx X. Xxxxxxxx, Trustee Xxxxxxxx X. Xxxxxxx, Vice President
and not individually Finance and Administration,
duly authorized