Lease Commencement Date Confirmation Letter between WTA Pastoria II LLC and Ceribell, Inc.
This letter agreement confirms that Ceribell, Inc. may take possession of the premises at 360 N. Pastoria Avenue, Sunnyvale, CA, starting October 15, 2021, with the lease officially commencing on November 1, 2021. The lease will last for 63 months, ending January 31, 2027. Rent payments begin February 1, 2022, with a detailed rent schedule provided, while Ceribell, Inc. is responsible for operating expenses from November 1, 2021. All other lease terms remain unchanged.
Exhibit 10.02
October 5, 2021
Ceribell, Inc.
ATTN: VP of Operations
360 N. Pastoria Ave.
Sunnyvale, CA 94085
To Whom it may concern,
Subject: Lease Commencement Date
I am writing on behalf of the owners of WTA Pastoria II LLC to confirm that Ceribell, Inc. will be allowed to take possession of the premises at 360 N. Pastoria Avenue, Sunnyvale, CA as of October 15th, 2021 with all terms and conditions of the lease in full effect starting that date except the rent schedule which will start November 1st, 2021.
Therefore, the Lease Commencement Date will be set as November 1st, 2021 and will end sixty-three (63) months after on January 31, 2027. The rent schedule shall be as follows:
Period |
| Monthly Rent (NNN) |
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11/01/21 - 01/31/22 |
| $0.00 (Tenant shall pay all operating expenses) |
02/01/22 - 10/31/22 |
| $63,960.00 |
11/01/22 - 10/31/23 |
| $65,879.00 |
11/01/23 - 10/31/24 |
| $67,855.00 |
11/01/24 - 10/31/25 |
| $69,890.00 |
11/01/25 - 10/31/26 |
| $71,988.00 |
11/01/26 - 01/31/27 |
| $74,147.00 |
Except as modified herein, all other terms and conditions of the Lease remain in full force and effect.
Sincerely, |
| Agreed: | ||
|
| /s/ Daniel Rogy | ||
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|
Michelle Dillabough |
| By: |
| DANIEL ROGY |
Vice President |
| Title: |
| VP of Operations |
