Exhibit 10.26.3
Second Amendment to Lease Agreement
This second amendment to Lease Agreement ("AGREEMENT") made and entered into
this 7th day of July, 1997 by and between ▇. ▇. ▇▇▇▇▇▇▇ Construction Company
("LANDLORD") and Genzyme Transgenics Washington Laboratories, Inc., formerly
known as T.S.I. Washington Laboratories, Inc., ("TENANT").
WITNESSETH:
Whereas, the LANDLORD and TENANT entered into a certain lease ("LEASE") dated
October 8, 1992 coverning 14,564 square feet of laboratory and office space
located in ▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ("BUILDING"); and
Whereas, the LEASE commenced on December 1, 1993, and terminates on December
31, 2000, and
Whereas, the TENANT added 6,072 square feet of space under the First Lease
Amendment, and
Whereas, the TENANT desires to lease an additional 6,424 square feet of space
("Additional Space") in the BUILDING as shown in Exhibit A increasing the
total square footage from 20,636 square feet to 27,060 square feet, and
Whereas, the current minimum rent shall increase from $27,802.68 per month to
$35,249.17 per month on JULY 1, 1997 and then increase in addordance with the
terms of the LEASE, and
Whereas, the TENANT'S proportionate share of real estate taxes shall increase
from 60.85% to 70.37%, and
Whereas, the TENANT shall maintain additional insurance to cover the personal
property contained in the Additional Space, and
Whereas, the LANDLORD has agreed to:
1. Paint the Additional Space.
2. Replace carpet in reception area and conference room.
3. Repaint common atrium area.
4. Improve lighting in common atrium area by adding spotlights in planter.
5. Clean carpet throughout additional space.
Ratification of LEASE: Except as expressly modified or amended by this
AGREEMENT, all terms, covenants and conditions of the LEASE shall remain the
same.
In witness whereof, LANDLORD and TENANT have caused this AGREEMENT to be
executed as of this 7th day of July 1997 and do hereby declare this AGREEMENT
to be binding on them, their respective successors and assigns.
WITNESS: LANDLORD
▇.▇. ▇▇▇▇▇▇▇ Construction Co.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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ATTEST: TENANT
Genzyme Transgenics Washington
Laboratories Inc.
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇
----------------------------- ----------------------------------
W. ▇▇▇▇ ▇▇▇▇▇, President
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GENZYME TRANSGENICS WASHINGTON LABORATORIES INC.
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RENT SUMMARY
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3% ANNUAL INCREASE
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SQUARE FEET MONTHLY RENT EFFECTIVE DATE
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ORIGINAL LEASE 14,564 $20,555.65 1-Dec-97
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1ST AMENDMENT 6,072 $7,247.02 1-Feb-98
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2ND AMENDMENT 6,424 $7,446.49 1-Jul-98
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July 7, 1997
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
▇.▇. ▇▇▇▇▇▇▇ Construction Company
▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇▇▇:
Pursuant to your conversation with ▇▇. ▇▇▇▇ ▇▇▇▇, this letter shall serve as
a side agreement to the Second Amendment to Lease Agreement ("Agreement")
under which Genzyme Transgenics Washington Laboratories ("Tenant") is leasing
an additional 6,424 square feet ("Additional Space") from ▇.▇. ▇▇▇▇▇▇▇
Construction Company, at 2 ▇▇▇▇ Court. Notwithstanding anything to the
contrary contained in the Agreement, the minimum rent, and Tenant's
proportionate share of real estate taxes for the Additional Space shall not
commence until July 14, 1997.
Please sign below to acknowledge the above.
Sincerely,
W. ▇▇▇▇ ▇▇▇▇▇
President, Washington Laboratories
▇.▇. ▇▇▇▇▇▇▇ CONSTRUCTION COMPANY
BY: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
ITS: _____________________________
DATE: 7/8/97
