Exhibit 10.2
FIRST AMENDMENT TO OFFICE LEASE
This FIRST AMENDMENT TO OFFICE LEASE ("First Amendment") is made and entered into as of September 14, 2021, by and between HCP LIFE SCIENCE REIT, INC., a Maryland corporation ("Landlord"), and SORRENTO THERAPEUTICS, INC., a Delaware corporation ("Tenant").
R E C I T A L S :
A.Landlord and Tenant are parties to the Lease dated September 1, 2021 (the "Lease"), pursuant to which Tenant leases approximately 163,205 rentable square feet of space, consisting of the entire building (the "Building") located at 0000 Xxxxxxxxx Xxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000.
B.The parties desire to amend the Lease on the terms and conditions set forth in this First Amendment.
A G R E E M E N T :
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Terms. All capitalized terms when used herein shall have the same respective meanings as are given such terms in the Lease unless expressly provided otherwise in this First Amendment.
2.Tenant’s Representative. All references in Section 6.2 of Exhibit B to the Lease to "Xxxx Xxxxxxxxx of Xxxxxxxxx Construction Management" shall be deleted in their entirety and replaced with "Xxxx Xxxxxxx of Sorrento Therapeutics, Inc."
3.Landlord’s Representative. All references in Section 6.3 of Exhibit B to the Lease to "Xxxx Xxxxxxx" shall be deleted in their entirety and replaced with "Xxxxxxx Xxxxxxxxx."
4.Warranties. Landlord represents and warrants that, to its actual knowledge: (a) it is not in breach of any of its obligations under the Lease, and (b) Tenant is not in breach of any of its obligations under the Lease. Tenant represents and warrants that, to its actual knowledge: (a) it is not in breach of any of its obligations under the Lease, and (b) Landlord is not in breach of any of its obligations under the Lease.
5.No Further Modification. Except as specifically set forth in this First Amendment, all of the terms and provisions of the Lease shall remain unmodified and in full force and effect.
IN WITNESS WHEREOF, this First Amendment has been executed as of the day and year first above written.
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"LANDLORD" |
HCP LIFE SCIENCE REIT, INC.,
a Maryland corporation |
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By: /s/ Xxxxxxx Xxxxxx Xxxxxxx Dorris Print Name Its: Senior Vice President |
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"TENANT" |
SORRENTO THERAPEUTICS, INC.,
a Delaware corporation |
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By: /s/ Xxxxx Xx Xxxxx Xx, Ph.D. Print Name Its: President & CEO By: ___________________________ Print Name Its: |
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