FIRST AMENDMENT TO OFFICE LEASE AGREEMENT
DERMAVANT SCIENCES, INC.
BILTMORE CENTER II
(NORTHERN TRUST TOWER)
THIS FIRST AMENDMENT TO OFFICE LEASE AGREEMENT (this First Amendment) is made and entered into for reference purposes this 29th day of June, 2018, by and between AB/VWP BFC OWNER, LLC, a Delaware limited liability company (Landlord), and DERMAVANT SCIENCES, INC., a Delaware corporation, (Tenant).
A. Landlord and Tenant are parties to a written Office Lease Agreement dated for reference purposes March 19, 2018 (Existing Lease) pertaining to premises consisting of approximately 10,346 Rentable Square Feet identified as Suite 1060 (the Existing Premises), on the tenth floor of the office building known as Biltmore Center II (Northern Trust Tower) located at 2398 East Camelback Road, in Phoenix, Arizona (the Building).
B. The term Lease as used herein shall mean the Existing Lease, as amended by this First Amendment. Capitalized terms used in this First Amendment without definitions shall have the meanings given to such terms in the Lease.
C. The parties now desire to amend the Lease in order to expand the Premises, as more particularly set forth below.
1. Expansion Premises Demise. The term Expansion Premises as used herein shall mean that certain space contiguous to the Existing Premises consisting of approximately 2,763 rentable square feet (as such term is used in the Lease) located on the tenth floor of the Building and identified as Suite 1010. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, in addition to the Existing Premises, the Expansion Premises, upon the terms, covenants and conditions set forth in this First Amendment and otherwise upon the same terms, covenants and conditions set forth in the Existing Lease. The term Premises as used herein shall mean the Expansion Premises and the Existing Premises, collectively, consisting of approximately 13,109 rentable square feet in the aggregate. Each of the Expansion Premises and the Existing Premises are outlined on the plan attached hereto as Exhibit A. Effective as of the date this First Amendment is fully executed, (a) all references in the Lease to the Premises shall mean the Premises as defined in this First Amendment; (b) the rentable square footage set forth in the Basic Lease Information of the Lease, shall be deleted and replaced with 13,109; (c) the suite number(s) set forth in the Basic Lease Information of the Lease shall be deleted and replaced with 1060 and 1010; and (d) Exhibit A attached to this First Amendment, showing the location