First Amendment to Commercial Lease Agreement between Clematis LLC and Interleukin Genetics, Inc.

Contract Categories: Real Estate › Lease Agreements
Summary

This amendment to the commercial lease between Clematis LLC (Lessor) and Interleukin Genetics, Inc. (Lessee) modifies the original lease for premises at 135 Beaver Street, Waltham, MA. The amendment allows the Lessee to pay for certain improvements through additional monthly rent of $625.59, amortized over 24 months at 10% interest, instead of paying for the improvements directly. The total monthly rent becomes $7,125.59 from July 15, 2000, to July 14, 2002. All other terms of the original lease remain unchanged.

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EX-10.2 7 ex10-2.txt 1ST AMENDMENT TO COMMERCIAL LEASE 1 EXHIBIT 10.2 FIRST AMENDMENT TO A COMMERCIAL LEASE The parties hereto Clematis LLC, Lessor and Interleukin Genetics, Inc., Lessee under a certain Lease Agreement ("Lease Agreement") dated May 26, 2000 for premises located at 135 Beaver Street, Waltham, MA ("Premises") agree as follows: Whereas the Lessee, for its own convenience desires to lease the premises for an additional rent in lieu of paying for improvements directly; and Whereas the Parties have agreed that the additional rent shall be calculated by taking the build-out cost of $13,557.00 (as reflected in Exhibits A and B attached) , amortized over 24 months at a 10% interest charge: and Whereas the parties hereby agree to adjust the Lease Agreement to reflect the change in the rent due to include additional rent of $625.59 per month. Now therefore, the Parties agree as follows: The following is added to paragraph 4 of the Leases Agreement: At and after July 15, 2000 through July 14, 2002, the Lessee shall pay to the Lessor rent in advance in monthly installments as follows: Base Rent $6,500.00 Additional Rent 625.59 --------- Total Base Rent $7,125.59
All other terms and conditions in said Lease Agreement shall remain unchanged. Agreed this day of July 2000. Clematis LLC Lessor by: -------------------------------------------- Duffy Bros. Management Company, Inc. Manager Norman J. Duffy, President Interleukin Genetics, Inc. Lessee by: --------------------------------------------