Lease Extension and Modification Agreement
Exhibit 10.2
Lease Extension and Modification Agreement
Landlord’s Name / Address: |
000 X. Xxxx Xxxxxx, LLC |
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0 Xxxxxxxx Xx., Xxxxx X |
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Xxx Xxxxx, Xxxxxxxx 00000 |
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Tenant’s Name / Address: |
Millendo Therapeutics, Inc. |
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000 X. Xxxx Xxxxxx, Xxxxx 000 |
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Xxx Xxxxx, Xxxxxxxx 00000 |
WHEREAS, the parties entered into a Lease Agreement for office space located in the City of Xxx Arbor, County of Washtenaw, State of Michigan, and commonly known as 000 X. Xxxx Xxxxxx, Xxxxx 000 (“Leased Premises”), dated December 31, 2015, but commencing as of January 1, 2016 (“Lease”); and
WHEREAS, the parties desire to modify certain terms and extend the Lease as set forth herein.
NOW, THEREFORE, in consideration of the terms and conditions of this Lease Extension and Modification Agreement, the parties agree as follows:
1. Tenant hereby exercises its option to extend the Lease, commencing January 1, 2018, through December 31, 2018, at a Base Rent of $11,377 per month, $136,524 annually, and Landlord hereby acknowledges and accepts such extension of the Lease. It is acknowledged and agreed that by letter dated September 13, 2017, Tenant delivered timely notice of the exercise of Tenant’s right to renew the Lease for an additional twelve month period expiring December 31, 2018, and this Lease Extension and Modification Agreement does not supersede, modify, replace or act as a substitute for such notice of renewal by Tenant and the Lease was effectively renewed by such notice of renewal.
2. Except as expressly modified herein, all other terms and conditions of the Lease shall remain in full force and effect.
The parties hereby execute this Lease Modification Agreement on this 30th day of November, 2017.
000 X. Xxxx Xxxxxx, LLC |
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Millendo Therapeutics, Inc. | ||
a Michigan limited liability company |
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a Delaware corporation | ||
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By: |
/s/ Xxxx Xxxxxxxx |
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By: |
/s/ Xxxxx X. Xxxxx |
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Xxxx Xxxxxxxx |
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Xxxxx X. Xxxxx |
Its: |
Manager |
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Its: |
President and CEO |