Lease Addendum II to Commercial Lease Agreement between E&E Plaza LLC and Fulgent Therapeutics LLC

Contract Categories: Real Estate Lease Agreements
Summary

This addendum extends the commercial lease between E&E Plaza LLC (Lessor) and Fulgent Therapeutics LLC (Lessee) for one year, from February 1, 2023, to January 31, 2024. The monthly rent increases to $24,885. E&E Plaza LLC will cover property taxes, building insurance, and roof maintenance, while Fulgent Therapeutics LLC is responsible for utilities, upkeep, and trash services. All other terms of the original lease remain unchanged.

EX-1.1 2 flgt-ex1_1.htm EX-1.1 EX-1.1

Exhibit 1.1

COMMERCIAL LEASE ADDENDUM (II)

 

This LEASE ADDENDUM II to the Commercial Lease Agreement signed on February 1, 2018 by E&E Plaza LLC ("Lessor") and Fulgent Therapeutics LLC ("Lessee"). This document modifies the Commercial Lease Agreement as describe below:

1.
The Lessor agrees to extend this lease for ONE (1) year, starting on February 1, 2023 and expiring on January 31, 2024.
2.
For this one year extension, the Monthly rent shall be adjusted from $23,585.00 to $24,885.00 per month.
3.
Lessee remains to be the only occupant of this building. The Lessor will only be responsible for the Property Taxes, Building Insurance, and the Roof of this building. The Lessee is responsible for all of the utilities, upkeep, and maintenance of this building, including the utilities and trash services.
4.
All other terms and conditions of the lease will remain in full force and effect.

 

Lessee: Fulgent Therapeutics, LLC

 

Lessor: E&E Plaza LLC

By: /s/ Jian Xie

 

By: /s/ Marlene Xu

Tittle: COO

 

Title: MG

Date: 1/4/2023

 

Date: 1/6/2023