SECOND AMENDMENT TO LEASE

Exhibit 10.1

 

 

 

This Second Amendment to Lease (“Amendment”) is made and entered into as of

 

this 5th day of January, 2012 by and between NetView 5 and 6 LLC (“Landlord”) and Dyax Corp (“Tenant”).

 

 

A.           Landlord and Tenant entered into an office lease dated July 14, 2011, as amended by a First Amendment to Lease dated as of November 4, 2011 (collectively the “Lease”) for premises (the “Premises”) containing approximately 44,740 rentable square feet on the 2nd and 3rd floors of the building located at 55 Network Drive, Burlington, Massachusetts (the “Building”), as shown on Exhibits A and A-1 to the Lease.

 

B.           By letter dated November 21, 2011, Tenant exercised its right, pursuant to Section 3.4 of the Lease, to request that Landlord increase the TI Allowance by a supplemental allowance of $15.00 per rentable square foot of Premises, totaling $671,100.00 (the “Supplemental Allowance”).

 

C.           In accordance with the provisions of Section 4.1.1 of the Lease, the parties now enter into this Amendment to adjust the Fixed Rent payable by Tenant to include an amortization of the Supplemental Allowance in the manner provided in said Section 4.1.1.

 

NOW THEREFORE, in consideration of the Supplemental Allowance and the mutual agreements contained herein, the parties agree as follows:

 

1.           The recitals set forth above are hereby incorporated by reference.  Capitalized terms used herein without definition shall have the meanings ascribed to them in the Lease.

 

2.           The Supplemental Allowance is hereby added to and made a part of the TI Allowance, such that the TI Allowance stated in Section 1.1 of the Lease is hereby increased to $2,611,100.00

 

3.           In application of the inclusion and amortization of the Supplemental Allowance, the Annual Fixed Rent Rate stated in Section 1.1 of the Lease, as previously amended, is hereby deleted and the following rent schedule is substituted in its place: