EXHIBIT 10.39
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FIRST AMENDMENT TO LEASE
This First Amendment to Lease (the "First Amendment") is made and entered
into this 19 day of October, 2004, by and between GLB LEXINGTON LIMITED
PARTNERSHIP, a Delaware limited partnership ("Landlord") and MACROCHEM
CORPORATION, a Delaware corporation ("Tenant").
R E C I T A L S
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This First Amendment is made with reference to the following facts and
objectives:
A. Landlord and Tenant entered into that certain Lease date July 21, 1999,
and Addendum to Lease dated September 28, 1999 (collectively, the "Lease"),
pursuant to which Tenant leased from Landlord the premises described in Sections
1., 2.13., 37. and Exhibit "A" of the Lease (the "Premises"), which consists of
approximately 17,277 square feet of Rentable Area commonly referred to as Suite
110-01 (the "Premises") in that certain building located at 000 Xxxxxxxx Xxxxxx,
Xxxxxxxxx, Xxxxxxxxxxxxx (the "Building").
B. Landlord and Tenant desire to extend the Term of the Lease, and to
otherwise modify and amend the Lease in accordance with the following terms and
conditions.
NOW, THEREFORE, Landlord and tenant hereby agree as follows:
A G R E E M E N T
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1. Section 2.6. of the Lease is hereby modified and amended to set forth
the Expiration Date with respect to the Premises as August 31, 2005.
2. Effective as of March 1, 2005, Sections 2.2. and 2.10. of the Lease
shall be modified and amended to set forth Monthly Installments of Base Rent for
the Premises as follows:
March 1, 2005 through August 31, 2005 $39,204.67
3. Section 2.8. of the Lease is hereby modified and amended to set forth
the Rent Payment Address as follows:
GLB Lexington Limited Partnership
X.X. Xxx 0000
Xxxxxxxxxx, Xxx Xxxx 00000-0000
4. All other terms and conditions of the Lease shall remain in full force
and effect.
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This First Amendment modifies and amends the Lease. To the extent there are
any inconsistencies between this First Amendment and the Lease, the terms and
provisions of this First Amendment shall control.
IN WITNESS WHEREOF, Landlord and Tenant have executed this First Amendment
as of the date first above written.
LANDLORD:
GLB LEXINGTON LIMITED PARTNERSHIP,
a Delaware limited partnership
By: GRT Lexington, Inc.,
a Delaware corporation
Its General Partner
By: /s/ Xxxxxxx Xxxxxx
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Its Executive Vice President
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TENANT:
MACROCHEM CORPORATION,
a Delaware corporation
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Its Vice President and Chief Financial Officer
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By:
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Its
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