EXHIBIT 10.14
ADDENDUM TO SUBLEASE
This Addendum to Sublease (the "Addendum") is entered into as of this 20th
day of April, 2004 by and between Geac Enterprise Solutions, Inc . (successor-in
interest to Extensity, Inc.), a Georgia corporation ("Sublandlord")") and
BioNovo, a California corporation ("Subtenant").
WHEREAS Sublandlord and Subtenant are parties to that certain Sublease,
dated December 17, 2003 (the "Sublease"), relative to approximately 1,733 square
feet of space on the 6th floor of the building located at 0000 Xxxxxx Xxxxxx
(xxx "Xxxxxxxx"), Xxxxxxxxxx, Xxxxxxxxxx (the "Premises").
NOW THEREFORE, in consideration of the mutual covenants and conditions
contained herein, Sublandlord and Subtenant covenant and agree as follows:
1. The Sublandlord and Subtenant acknowledge and agree that the expiration
date of the Sublease is hereby extended from July 12, 2004 to July 11, 2005,
unless sooner terminated pursuant to any provision of the Sublease.
2. The Subtenant's Monthly Base Rent for the initial six-month extension
period shall be $1,906.30 per month, or $11,437.80 for the entire six-month
extension period. The $11,437.80 shall be paid in full upon execution of this
addendum. Effective January 12, 2005, subtenant shall pay monthly base rent in
the amount of $1,906.30 per month. In the event subtenant has expansion needs
and Sublandlord is unable to accommodate subtenant's expansion in the Building,
Subtenant shall be able to terminate the lease with no further financial
obligation.
3. Sublandlord, at Sublandlord's sole cost, shall patch and paint one wall
in the conference room and one wall in the kitchen as outlined in the attached
Work Authorization letter ("Exhibit A").
4. Subtenant agrees to indemnify and hold harmless Sublandlord from and
against any and all claims, damages, costs and expenses, including reasonable
attorney' s fees, to the extent caused by or arising out of (i) the Subtenant
Improvements, (ii) the Subtenant's default under the terms of Paragraph 6 of
this Addendum, or (iii) the Subtenant's breach of this Sublease. Notwithstanding
anything to the contrary in this Lease, the parties hereby confirm that the
provisions of this section shall survive the expiration or termination of this
Lease.
5. Nothing contained herein shall be construed as creating the
relationship of principal and agent or partnership or joint venture between the
Subtenant and Sublandlord, it being understood and agreed that no provision
contained herein, nor any acts of the parties hereto, shall be deemed to create
any relationship between the parties hereto other than the relationship of
Sublandlord and Subtenant, as set forth in the Sublease.
6. Subtenant hereby confirms that there are no existing defaults under the
Sublease and agrees to be bound by all of the terms and conditions of the
Sublease, which except as set forth herein, shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties have executed this Addendum as of the date
first written above.
SUBLANDLORD:
GEAC ENTERPRISE SOLUTIONS, INC.
By:_______________________________
Its: _______________________________
SUBTENANT:
BIONOVO
By: ______________________________
Its: ______________________________
