June 9, 2011
Exhibit 10.11
June 9, 2011
Xx. Xxxxxxx Xxxxxxx
Worcester Polytechnic Institute
000 Xxxxxxxxx Xxxx
Xxxxxxxxx, XX 00000-0000
Worcester Polytechnic Institute
000 Xxxxxxxxx Xxxx
Xxxxxxxxx, XX 00000-0000
Dear Xx. Xxxxxxx
This letter is to serve as an amendment to the Lease between RXi Pharmaceuticals Corporation and
Newgate Properties, LLC dated September 25, 2007 and later amended on August 28, 2008 and again on
January 23, 2009.
Landlord and Tenant agree to amend:
Section 1.1 as follows:
Premises: For the period from June 16, 2011 to June 30, 2012, the portion of the first floor of the
Building consisting of approximately 2,882 square feet of office space and a portion of the third
floor consisting of approximately 2,425 square feet of laboratory space, all as more particularly
shown on Exhibit A attached hereto. On or before June 15, 2011, Tenant agrees to vacant all other
third floor premises consisting of approximately 595 square feet of office space and approximately
850 square feet of laboratory space and Landlord agrees to give Tenant a rent credit of $2047.00
(1,445 x $34.00 / 12 x .5).
Basic Rent: Notwithstanding any verbal or written statements to the contrary, the Landlord and
Tenant hereby agree that the schedule of Basic Rent shall be:
1. For the period from July 1, 2011 to July 31, 2011 $15,036.50
2. For the period from August 1, 2011 to June 30, 2012 $16,363.25 per month
(Computed as 5,307 sf x $37.00 / 12 months)
2. For the period from August 1, 2011 to June 30, 2012 $16,363.25 per month
(Computed as 5,307 sf x $37.00 / 12 months)
Term: Notwithstanding any verbal or written statements to the contrary, the Landlord and Tenant
hereby agree that the Term of this Lease shall terminate on the earlier of:
1. June 30, 2012, or
2. 90 days from the date that Tenant provides written notice to Landlord of its intent to vacate the Premises and terminate the Lease.
2. 90 days from the date that Tenant provides written notice to Landlord of its intent to vacate the Premises and terminate the Lease.
[SIGNATURE PAGE FOLLOWS]
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Tenant: |
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/s/ Xxxx Xxx
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June 10, 2011 |
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(Date) | ||
Lessor: |
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/s/ Xxxxxxx X. Xxxxxxx
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6 /20/11 |
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Xxxxxxx X. Xxxxxxx, EVP &CFO Worcester Polytechnic Institute |
(Date) |
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