AMENDMENT #2 TO LEASE
Exhibit 10.9.2
AMENDMENT #2
TO
That certain Lease with a Commencement Date of February 1, 2018 between YESCO Properties; LLC, a Utah Limited Liability Company (“Landlord”) and Co-Diagnostics, Inc., a Utah Corporation (“Tenant”) (the “Lease”) as amended by that First Lease Addendum dated June 5, 2018, and Amendment to Lease #1 dated March 26, 2020 (Amendment #1) is by this Amendment #2 to the Lease (this “Amendment”) modified. This Amendment is dated May 26; 2020. Capitalized terms not defined in this Addendum shall have the meaning as set forth in the Lease. Notwithstanding any provision of the Lease to the contrary, the following provisions control:
Additional Space: Commencing on June 1, 2020 and until August 31, 2020, Tenant agrees to rent additional space as described on Exhibit A. Rent will increase $1860.37 a month.
Basic Monthly Rent included in Amendment #1 and this Amendment:
Period | Rentable Square Feet | Basic Monthly Rent | Less: Monthly Settlement Discount | Monthly Amount Due | ||||||||||||||||
March l, 2020 | Through | March 31, 2020 | 10,213 | $ | 19,689.92 | ($ | 1,822.92 | ) | $ | 17,867.00 | ||||||||||
April 1, 2020 | Through | February 28, 2021 | 13,687 | $ | 24,900.92 | ($ | 1,822.92 | ) | $ | 23,078.00 | ||||||||||
June 1, 2020 | Through | August 31, 2020 | 14,658 | $ | 26,761.29 | ($ | 1,822.92 | ) | $ | 24,938.37 | ||||||||||
September 1, 2020 | Through | February 28, 2021 | 13,687 | $ | 24,900.92 | ($ | 1,822.92 | ) | $ | 23,078.00 | ||||||||||
March l, 2021 | Through | February 28, 2022 | 13,687 | $ | 25,647.95 | ($ | 1,822.92 | ) | $ | 23,825.03 | ||||||||||
March I, 2022 | Through | February 28, 2023 | 13,687 | $ | 26,417.39 | ($ | 1,822.92 | ) | $ | 24,594.47 | ||||||||||
March 1, 2023 | Through | February 29, 2024 | 13,687 | $ | 27,209.91 | ($ | 1,822.92 | ) | $ | 25,386.99 |
Except as modified by this Amendment, the Lease and Amendment #1 remain in full force and effect.
Co-Diagnostics, Inc., a Utah Corporation | YESCO Properties, LLC | |||
By: | By: |
Title: | Title: |
Date Signed: | Date Signed: |