FOURTH AMENDMENT TO LEASE AGREEMENT
THIS FOURTH AMENDMENT (the Fourth Amendment ) is made and entered into as of the Effective Date set forth on the signature page (the Effective Date) by and between CAMBRIDGE PROPERTIES (herein referred to as Lessor) and KIROMIC, LLC, (herein referred to as Lessee) on the following terms and conditions, and thus;
WHEREAS, Lessor, as Lessor therein, and Lessee, as Lessee therein, entered into a certain Lease Agreement (the Lease) for approximately 9,352 square feet of net rentable area on the first floor in Suite 140 of the building known as the Fannin South Professional Building the (the Building) located at 7707 Fannin, Houston, Texas 77054;
WHEREAS, Lessor and Lessee agreed to expand the Leased Premise to include Suite 107; and
WHEREAS, Lessor and Lessee agreed to relinquish Suite 107 from the Leased Premise; and
WHEREAS, Lessor and Lessee agreed to extend the Term for two (2) years; and
WHEREAS , Lessor and Lessee desire to further amend, modify, and supplement the Lease as hereinafter set forth;
NOW, THEREFORE, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable consideration respectively paid by each party to the other and receipt and sufficiency of which is hereby acknowledged, Lessor and Lessee do hereby supplement and amend the Lease as follows:
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Section 1 A. LEASED PREMSES shall reflect Lessees expansion into the second (2nd) floor suites of the Building - Suites 204 and 290 (the Expansion Premises) - totaling 4,134 net rentable square feet. The total Leased Premises, including Suite 140, shall be 13,486 net rentable square feet.
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Section 2 A. TERM for the Expansion Premises shall commence within ninety (90) days from the Effective Date of this Fourth Amendment and continue through April 30, 2021.
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Section 4. SECURITY DEPOSIT shall require an additional Security Deposit of $6,545.50, payable upon the Effective Date of this Fourth Amendment.