EXHIBIT 10.20
This is an agreement to sublets property according to the terms specified below.
The sublessor agrees to sublet, and the subtenant agrees to take the premises
described below. Both parties agree to keep, perform, and fulfill the promises,
conditions and agreements expressed below:
1. The sublessor is: MycoLogics
2. The subtenant is: BioNovo
3. The location of the premises is: 00000 X. Xxxxxxxx Xxxx., Xxxxxx, XX 00000
Suite Number 215
4. The term of this sublease is month-to-month, beginning August 1, 2005 and
ending December 31, 2005.
The rent is $650 per month, payable in advance on the 1st day of the month. The
rent is payable to MycoLogics at (address) .
5. The sublease agreement will terminate on (date) December 31, 2005.
There shall be no holding over under the terms of this sublease agreement under
any circumstances.
6. Subtenant agrees to surrender and deliver to the sublessor the premises and
all furniture and equipment within the premises in as good a condition as they
were at the beginning of the term, reasonable wear and tear excepted. The
subtenant will be liable to the sublesssor for any damages occurring to the
premises or the contents thereof or to the building which are done by the
subtenant or his guests.
7. Subtenant agrees to pay sublessor a deposit of $650 to cover damages beyond
normal wear and tear, unpaid rent, and unpaid utilities. Sublessor agrees that
if the premises and the contents thereof are returned to him/her in the same
condition as when received the subtenant, reasonable war and tear thereof
excepted, and if there is no unpaid rent or unpaid utility bills owed by the
subtenant, he/she will refund to the subtenant $650 at the end of the term, or
within 30 days thereafter. Any reason for retaining a portion of the deposit
shall be explained in writing within 30 days to the subtenants.
8. The sublease agreement incorporates and is subject to the original lease
agreement between the sublessor and his lessor, a copy of which is attached
hereto, and which is hereby referred to and incorporated as if it were set out
here at length. The subtenant agrees to assume all of the obligations and
responsibilities of the sublessor under the original lease for the duration of
the sublease agreement.
9. In the event of any legal action concerning this sublease, the losing party
shall pay to the prevailing party reasonable attorney's fees and court costs to
be fixed by the court wherein such judgment shall be entered.
10. This lease constitutes the sole agreement between the parties and no
additions, deletions, or modifications may be accomplished without the written
consent of both parties. (Any oral representations made at the time of executing
this lease are not legally valid, and therefore, are not binding upon either
party.)
11. The words "sublessor" and "subtenant" as used herein include the plural as
well as the singular; no regard for gender is intended by the language of this
sublease.
12. Each party signing this sublease acknowledges receipt of a copy thereof.
13. This sublease is not binding upon either party unless approved by the
landlord as provided below, provided such approval is required by the original
lease.
18. The parties hereby bind themselves to this agreement by their signatures
affixed below on this 1st day of August, 2005.
Sublessor Subtenant
------------------------------------ -----------------------------------
I hereby give my consent as landlord to subletting of the above described
premises as set out in this sublease agreement.
Landlord: Xxxxxxxxxx Redevelopment Authority
By: Date:
--------------------------------- ------------------------------
Title:
-----------------------------------------------
ORIGINAL LEASE ATTACHED: Yes No
------ -----
BIOSCIENCE PARK CENTER
COLORADO BIOSCIENCE PARK AURORA
LAB/OFFICE AGREEMENT
THIS AGREEMENT is made as of the 3rd day of July, 2001, by and between the
XXXXXXXXXX REDEVELOPMENT AUTHORITY, a governmental entity created by the City of
Aurora, Colorado, and the Regents of the University of Colorado with a principal
place of business at Building 500, Fitzaimons, Xxxxxx, Xxxxxxxx 00000 (the
"FRA") and MycoLogics (the "client"). The services as defined below are to be
provided at the Bioscience Park Center located at 00000 Xxxxxxxx Xxxx., Xxxxxx
Colorado (the "Building"). The sole obligation of the FRA is to provide the
following basic and additional services and no others.
1. TERMS
TERM AND EXPIRATION DATE: October 1, 2001
PERMITTED USE: In accordance with Section 3.
PREMISES: That Portion of the 2nd floor of the Building
shown as outlined or hatched on the
Premises Plan attached as Schedule C.
BASIC SERVICES FEES: The fee for the Basic Services is a special
incubator rate outlined in Schedule C,
payable on or before the first day of each
month without notice.
SECURITY DEPOSIT: Two Months Basic Services Fee (Spread
over 10 months)
2. SERVICES
The FRA agrees, in consideration of the monthly Basic Services Fee, to provide
Basic Services to the Client as described in Schedule A. From time to time
during the term of this Agreement, the FRA may, at its option, make Additional
Services available to the Client of the nature described in Schedule B at fees
that are established by the FRA. The FRA will be under no obligation to provide
Additional Services if the monthly cost thereof exceeds the Security Deposit.
Unless specifically stated otherwise, Basic and Additional Services will be
provided only during the FRA's normal business hours. In the event the Client is
in default of this Agreement in accordance with Section 10 of this Agreement,
the FRA may, at its option, cease furnishing any and all services, including
telephone services.
All services and facilities, including but not limited to the Basic and
Additional Services provided by this Agreement, are provided without warranty
except as may otherwise be expressly provided in this Agreement.
