Exhibit 10.48
[CAYMAN CHEMICAL LOGO] LEASE EXTENSION - Third Renewal Term
THIS LEASE EXTENSION is entered into this _21__ day of September, 2002,
between XXXXX, LLC, a Michigan limited liability company, whose address is 0000
Xxxx Xxxxxxxxx, Xxx Xxxxx, Xxxxxxxx 00000 ("Landlord"), and ESPERION
THERAPEUTICS, INC., a Delaware corporation, whose address is 0000 Xxxxx Xxxxx
Xxxxxx, 000 XXX Xxxxx, Xxx Xxxxx, Xxxxxxxx 00000 ("Tenant").
W I T N E S S E T H:
WHEREAS, the parties hereto have entered into a certain lease dated
January 4, 1999 for the vivarium annex to the building owned by Landlord at 0000
Xxxx Xxxxxxxxx Xxxx, Xxxxxxxxxx Xxxxxxxx, Xxxxxxxxx Xxxxxx, Xxxxxxxx, containing
approximately 5,150 square feet of space (the "Lease").
NOW, THEREFORE, in consideration of the terms, conditions and covenants
hereinafter set forth to be paid, kept and performed by Landlord and Tenant, the
parties hereto agree as follows:
Pursuant to Section 2, it is mutually agreed that the lease is hereby
extended for an additional one (1) year period (the second "Renewal Term").
Tenant will pay to the Landlord rent at the rate of Sixteen thousand, two
hundred and fifty ($16,250.00) dollars commencing on January 1, 2003 and
continuing on the first day of each and every month thereafter for the next
succeeding twelve (12) months.
All other terms and conditions of the Lease remain in full force and
effect.
LANDLORD * * * TENANT * * *
XXXXX, LLC ESPERION THERAPEUTICS, INC.
By: /s/ Xxxx X. Xxxxx, M.D. By: /s/ Xxxxx X. Xxxxxx
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Xxxx X. Xxxxx, M.D. Xxxxx X. Xxxxxx, Ph.D.
Its President Its President
Date: 10-22-02 Date: 10-23-02
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