THIRD AMENDMENT TO LEASE
THIS THIRD AMENDMENT TO LEASE (this Amendment) is entered into as of this 19th day of April, 2016, by and between BMR-134 COOLIDGE AVENUE LLC, a Delaware limited liability company (Landlord), and TARVEDA THERAPEUTICS, INC. (formerly known as Blend Therapeutics, Inc.), a Delaware corporation (Tenant).
A. WHEREAS, Landlord and Tenant are parties to that certain Lease dated as of December 12, 2011, as amended by that certain First Amendment to Lease dated as of February 23, 2012 and that certain Second Amendment to Lease dated as of January 8, 2013 (collectively, and as the same may have been further amended, amended and restated, supplemented or modified from time to time, the Existing Lease), whereby Tenant leases certain premises (the Premises) from Landlord in the building at 134 Coolidge Avenue in Watertown, Massachusetts (the Building);
B. WHEREAS, Landlord and Tenant desire to extend the Term Expiration Date;
C. WHEREAS, Landlord desires to make available to Tenant a tenant improvement allowance and Tenant desires to perform certain improvements to the Premises; and
D. WHEREAS, Landlord and Tenant desire to modify and amend the Existing Lease only in the respects and on the conditions hereinafter stated.
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:
1. Definitions. For purposes of this Amendment, capitalized terms shall have the meanings ascribed to them in the Existing Lease unless otherwise defined herein. The Existing Lease, as amended by this Amendment, is referred to collectively herein as the Lease. From and after the date hereof, the term Lease, as used in the Existing Lease, shall mean the Existing Lease, as amended by this Amendment.
2. Extension Term. The Term shall be extended by a period of thirty-six (36) months. Accordingly, the Term Expiration Date is hereby changed to January 31, 2020. The period from February 1, 2017 (the Initial Extension Term Commencement Date) to January 30, 2020 is referred to herein as the Initial Extension Term. The parties acknowledge and agree that the Initial Extension Term is not established pursuant to an Option (as described in Section 41 of the Existing Lease) and that Tenant shall continue to have two (2) Options to extend the Term by three (3) years each beyond the Initial Extension Term, in accordance with Section 41 of the Existing Lease.