Notice of Lease Termination between iSpecimen Inc. and Bedford Street LLC for 450 Bedford Street, Lexington, MA
iSpecimen Inc. notifies Bedford Street LLC that it is exercising its right to terminate the lease for Suite 1010 at 450 Bedford Street, Lexington, MA, effective August 31, 2024. This action is in accordance with the Seventh Amendment to their Lease Agreement, which allows for early termination if notice is given by June 30, 2024, and a termination payment is made. iSpecimen has already paid the required amount of $5,131.27. Both parties will be released from further obligations under the lease if all termination conditions are met.
Exhibit 10.2
450 Bedford Street | Lexington, MA 02420 | 781 ###-###-####
June 28, 2024
TO: BEDFORD STREET LLC:
NOTICE OF LEASE TERMINATION
This Notice of Lease Termination (the “Notice”) is in reference to the Seventh Amendment to the Lease Agreement (“Seventh Amendment”) dated September 27, 2023, by and between iSpecimen Inc. (“Tenant”) and Bedford Street LLC (“Landlord”).
Date of Notice: June 28, 2024.
Lease Termination Date: August 31, 2024.
Leased Premises: 450 Bedford Street, Suite 1010, Lexington, MA.02420.
This Notice is intended to constitute an exercise of the option granted in the Seventh Amendment that allows iSpecimen Inc. to terminate this Lease no later than June 30, 2024.
iSpecimen Inc. hereby gives notice that Tenant’s occupancy and use of the leased premises shall terminate at midnight on August 31, 2024, per our Lease Agreement. According to the Seventh Amendment, the Landlord and Tenant shall be released from further liability if we shall adhere to the termination requirements stipulated in the Seventh Amendment including making the payment that is due with this Notice. Please check your bank as an ACH for the good faith estimate of the termination payment due has already been made in the amount of $5,131.27.
Sincerely,
| /s/ Tracy Curley | |
| Tracy Curley, | |
| CEO & CFO | |
| iSpecimen Inc. |
