FITZSIMONS REDEVELOPMENT AUTHORITY AMENDMENT TWO TO SPACE LEASE
▇▇▇▇▇▇▇▇▇▇
REDEVELOPMENT AUTHORITY
AMENDMENT
TWO TO SPACE LEASE
THIS
AMENDMENT TWO TO SPACE LEASE (this “Amendment”) is entered into as of the
_____________ day
of
________________,
2007,
by and between ▇▇▇▇▇▇▇▇▇▇
Redevelopment Authority
(“Landlord”) a governmental entity created by the City of Aurora, Colorado and
the Regents of the University of Colorado, whose address or principal place
of
business is ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇,
and
BioNovo,
Inc.
(“Tenant”).
RECITALS:
A. On
or
about November 16, 2006, Landlord and Tenant entered into a Space Lease (the
“Lease”) pertaining to Premises located at ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇,
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
B. The
Lease
has heretofore been amended by Amendment One dated January 25,
2007.
C. Landlord
and Tenant now desire to revise the Lease in the manner and form hereinafter
set
forth.
NOW,
THEREFORE,
for good
and valuable consideration, Landlord and Tenant hereby agree as
follows:
| 1. |
Premises
will
be revised to add Suite 137 located in the Bioscience Park Center,
▇▇▇▇▇
▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (“Office
Space”).
|
| 2. |
Basic
Rent. Exhibit
E of the Lease is hereby revised to increase Basic Rent to include
an
additional $473 per month; which amount will escalate at a rate of
three
percent per year on December 1 of each year (e.g. rent for Office
Space
will increase to $487 per month December 1, 2007 and $502 per month
December 1, 2008). This is a flat rate and includes janitorial services,
Operating Expenses, and utilities (excluding phone and
data).
|
| 3. |
Commencement
Date for
Office Space shall be May 1, 2007.
|
| 4. |
Stated
Expiration Date shall
be November 30, 2009.
|
| 5. |
Security
Deposit shall
increase by $473 for a total of security deposit of
$6,507.
|
| 6. |
Ratification
of Lease.
This Amendment modifies only the terms and conditions of the Lease
as
provided herein and no others. This Amendment will prevail over any
other
provisions of the Lease, which are inconsistent with this Amendment
or the
state of facts contemplated by this Amendment.
|
Executed
as a sealed instrument as of the date first above written.
▇▇▇▇▇▇▇▇▇▇
REDEVELOPMENT AUTHORITY BIONOVO,
INC.
| By: __________________________________ | By: ___________________________________ | ||
|
▇▇▇▇▇▇
▇. ▇▇▇▇▇,
|
|
||
|
Title: Chairman
of the Board Title:
|
Title:__________________________________
|