167 Sidney Street Renewal LOI Idera Pharmaceuticals September 20, 2016

One Post Office Square Boston Massachusetts 02109

Tel ###-###-#### fax ###-###-####

Tenant:

Idera Pharmaceuticals

Landlord:

Alexandria Real Estate Equities (ARE-MA Region NO. 23, LLC)

Building:

167 Sidney Street, Cambridge, MA

Premises:

26,589 rentable square feet (“RSF”) consisting of the entire Building.

Commencement:

September 1, 2017

Term:

Five (5 years) expiring August 31, 2022

Base Rental Rate:

$63.00 per RSF NNN, increasing by 3% on each anniversary of Commencement.

Tax, Operating
Expenses and Utilities:

Per the existing Lease, with the exception of the following related to Operating Expenses: Landlord to provide an estimated annual budget for review by Tenant. When Landlord is responsible for unforeseen repairs and it is practical, Landlord shall provide a detailed estimate of work to be performed for review by Tenant. Tenant shall pay an Administrative Fee as additional rent equivalent to 2% of the Base Rent.

Landlord Work:

Landlord shall remedy the existing issues with the Building HVAC systems at Landlord’s sole cost in general accordance with the attached scope of work document (Exhibit A).

Tenant Improvements:

Landlord shall provide $10/RSF to be applied towards Tenant’s leasehold improvements to the Premises.

Tenant shall have the right to perform/manage its own leasehold improvement work, in which case, Landlord shall not charge any project management or oversight fees. Tenant shall have the right to choose its own architect and contractors to perform the work, subject to Landlord approval per the lease.

Renewal Options:

One (1) five (5) year extension option.

Parking:

Per existing Lease.

Signage:

Per the existing Lease.

Security Deposit:

Per existing Lease.

One Post Office Square Boston Massachusetts 02109

Tel ###-###-#### fax ###-###-####

Brokerage:

It is understood that JLL (“Broker”) shall be the only recognized broker in this proposed transaction. Should a lease amendment be signed, Landlord shall pay Broker a market based fee per a separate agreement.

Qualifications:

This letter is not contractually binding on the parties and is only an expression of the basic terms and conditions to be incorporated in a formal written lease amendment agreement, along with other terms to be negotiated by the parties. Neither party may rely on this letter as creating any legal obligation of any kind.

AGREED & ACCEPTED:

AGREED & ACCEPTED:

IDERA PHARMACEUTICALS

ARE-MA REGION NO. 23, LLC

By:

Louis J. Arcudi, III

By:

Eric Johnson

Title:

CFO

Title:

SVP RE Legal Affairs

Date:

9/30/2016

Date:

9/30/2016