Thirteenth Amendment to Lease Agreement between BMR-201 Elliott Avenue LLC and Omeros Corporation
This amendment to the lease agreement between BMR-201 Elliott Avenue LLC (Landlord) and Omeros Corporation (Tenant) adds approximately 383 square feet of additional space in the building's vivarium to the Tenant's leased premises. The Tenant will pay additional rent for this new space, which is leased "as is" with no obligation for the Landlord to make improvements. The Tenant may terminate the lease for this additional space only, with at least 60 days' written notice. All other terms of the original lease remain in effect.
THIRTEENTH AMENDMENT TO LEASE
THIS THIRTEENTH AMENDMENT TO LEASE (this “Amendment”) is entered into as of this 1st day of June, 2021 (the “Thirteenth Amendment Execution Date”), by and between BMR-201 ELLIOTT AVENUE LLC, a Delaware limited liability company (“Landlord”), and OMEROS CORPORATION, a Washington corporation (“Tenant”).
RECITALS
AGREEMENT
NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, agree as follows:
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IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the date and year first above written.
LANDLORD:
BMR-201 ELLIOTT AVENUE LLC,
a Delaware limited liability company
By:/s/ K.M. Ruhl
Name:K.M. Ruhl
Title:Vice President
TENANT:
OMEROS CORPORATION,
a Washington corporation
By:/s/ Michael Jacobsen
Name:Michael Jacobsen
Title:Chief Accounting Officer
EXHIBIT A
NINTH ADDITIONAL VIVARIUM PREMISES
EXHIBIT B
BASE RENT FOR NINTH ADDITIONAL VIVARIUM PREMISES
Dates | Square Feet of Rentable Area | Annual Base Rent per Square Foot Of Rentable Area | Monthly Base Rent |
Thirteenth Amendment | 383 | $76.01 | $ 2,425.99 |
November 16, 2021- | 383 | $78.29 | $ 2,498.76 |
November 16, 2022- | 383 | $80.63 | $ 2,573.44 |
November 16, 2023- | 383 | $83.05 | $ 2,650.68 |
November 16, 2024- | 383 | $85.55 | $ 2,730.47 |
November 16, 2025- | 383 | $88.11 | $ 2,812.18 |
November 16, 2026- | 383 | $90.76 | $ 2,896.76 |