Second Amendment to Lease Agreement between YESCO Properties, LLC and Co-Diagnostics, Inc.
This amendment updates the lease agreement between YESCO Properties, LLC (landlord) and Co-Diagnostics, Inc. (tenant), effective May 26, 2020. It adds extra rental space for the tenant from June 1, 2020, to August 31, 2020, with a monthly rent increase of $1,860.37. The amendment also sets out the revised rent amounts and periods. All other terms of the original lease and previous amendment remain unchanged.
Exhibit 10.9.2
AMENDMENT #2
TO
LEASE
That certain Lease with a Commencement Date of February 1, 2018 between YESCO Properties; LLC, a Utah Limited Liability Company (“Landlord”) and Co-Diagnostics, Inc., a Utah Corporation (“Tenant”) (the “Lease”) as amended by that First Lease Addendum dated June 5, 2018, and Amendment to Lease #1 dated March 26, 2020 (Amendment #1) is by this Amendment #2 to the Lease (this “Amendment”) modified. This Amendment is dated May 26; 2020. Capitalized terms not defined in this Addendum shall have the meaning as set forth in the Lease. Notwithstanding any provision of the Lease to the contrary, the following provisions control:
Additional Space: Commencing on June 1, 2020 and until August 31, 2020, Tenant agrees to rent additional space as described on Exhibit A. Rent will increase $1860.37 a month.
Basic Monthly Rent included in Amendment #1 and this Amendment:
| Period | Rentable Square Feet | Basic Monthly Rent | Less: Monthly Settlement Discount | Monthly Amount Due | ||||||||||||||||
| March l, 2020 | Through | March 31, 2020 | 10,213 | $ | 19,689.92 | ($ | 1,822.92 | ) | $ | 17,867.00 | ||||||||||
| April 1, 2020 | Through | February 28, 2021 | 13,687 | $ | 24,900.92 | ($ | 1,822.92 | ) | $ | 23,078.00 | ||||||||||
| June 1, 2020 | Through | August 31, 2020 | 14,658 | $ | 26,761.29 | ($ | 1,822.92 | ) | $ | 24,938.37 | ||||||||||
| September 1, 2020 | Through | February 28, 2021 | 13,687 | $ | 24,900.92 | ($ | 1,822.92 | ) | $ | 23,078.00 | ||||||||||
| March l, 2021 | Through | February 28, 2022 | 13,687 | $ | 25,647.95 | ($ | 1,822.92 | ) | $ | 23,825.03 | ||||||||||
| March I, 2022 | Through | February 28, 2023 | 13,687 | $ | 26,417.39 | ($ | 1,822.92 | ) | $ | 24,594.47 | ||||||||||
| March 1, 2023 | Through | February 29, 2024 | 13,687 | $ | 27,209.91 | ($ | 1,822.92 | ) | $ | 25,386.99 | ||||||||||
Except as modified by this Amendment, the Lease and Amendment #1 remain in full force and effect.
| Co-Diagnostics, Inc., a Utah Corporation | YESCO Properties, LLC | |||
| By: | By: | |||
| Title: | Title: |
| Date Signed: | Date Signed: |
