EXHIBIT 10.24c
SECOND AMENDMENT TO SUBLEASE
THIS SECOND AMENDMENT TO SUBLEASE ("Second Amendment") is made as of June 1,
2004 by and between Sorrento Montana, LP., a California Limited Partnership
("Landlord") and Integra NeuroSciences CA Corporation, a Delaware Corporation
("Tenant"), with reference to the following facts and circumstances:
A. Landlord and Camino NeuroCare, Inc. entered into a Sublease dated
July 1, 2001 ("Sublease") for approximately 16,205 square feet of
premises commonly known as Suites #706 through #714 and Suite #716,
0000 Xxxxxxx Xxxxxx Xxxxxxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000
("Premises").
B. Landlord and Tenant subsequently amended and supplemented the
Sublease through First Amendment to Sublease dated July 1, 2003
which in part substituted Integra Neurosciences CA Corporation for
Camino NeuroCare, Inc. as Tenant and extended the term of the
Sublease two additional years through June 30, 2005.
Landlord and Tenant desire to modify, amend and supplement the Sublease through
this Second Amendment as follows:
1. Paragraph 1.4 ("PREMISES") is hereby amended to add the
approximately 1,180 square foot Suite #717, 0000 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000 to Tenant's Premises in an
"as is" condition effective June 1, 2004 resulting in Premises of
approximately 17,385 square feet.
2. Paragraph 1.8 ("INITIAL SECURITY DEPOSIT") is hereby amended to
provide for Tenant's Security Deposit to be Increased by One
Thousand One Hundred Twenty-One and No/100 Dollars ($1,121.00),
resulting in a Security Deposit of Sixteen Thousand Five Hundred
Fifteen and 75/100 Dollars ($16,515.75).
3. Paragraph 1.9.1 ("BASE RENT") is amended to provide for payment
by Tenant of Base Rent of Sixteen Thousand Five Hundred Fifteen and
75/100 Dollars ($16,515.75) per month effective June 1, 2004.
4. Paragraph 17.0 ("OPTION TO RETURN PREMISES") is hereby deleted in
its entirety.
Except as specifically provided in this Second
Amendment, all of the terms, conditions and definitions set forth in the
Sublease shall remain unchanged and in full force and effect. In the event of
any conflict between this Second Amendment and the Sublease, the terms of this
Second Amendment shall prevail.
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IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment To
Sublease effective the day and year first written above:
LANDLORD: TENANT:
SORRENTO MONTANA, L.P. INTEGRA NEUROSCIENCES CA
CORPORATION
A Delaware Corporation
A California Limited Partnership
By: Sorrento Commercial Properties, Inc. By: /s/ Xxxxxx X. Xxxxx
A California Corporation doing business as -----------------------
Sorrento Management Company Title: President and CEO
Date: 5/11/04
By: /s/ Xxxxx X. Hillbrook
-------------------------------
Xxxxx X. Hillbrook
Vice President/Corporate Broker
Date: 5/12/04
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