FIRST AMENDMENT TO BUSINESS PARK LEASE
THIS FIRST AMENDMENT TO BUSINESS PARK LEASE (Amendment) is entered into as of September , 2019, by and between FACEBOOK, INC., a Delaware corporation (as successor-in-interest to David D. Bohannon Organization, a California corporation), herein called Landlord, and ADICET BIO, INC., a Delaware corporation, herein called Tenant.
A. Landlords predecessor-in-interest and Tenant entered into a written Lease, dated September 30, 2015, hereinafter referred to as the Lease, for the lease of certain premises currently identified as 200 Constitution Drive, and sometimes herein referred to as the Existing Premises, located in the City of Menlo Park, State of California.
B. Tenant wishes to expand the Existing Premises to include the building known as 175-177 Jefferson Drive (the Expansion Premises) in Menlo Park, California, consisting of approximately 7,973 rentable square feet and make certain other amendments to the Lease.
C. By this Amendment, Landlord and Tenant desire to amend the Lease in those particulars as hereinafter set forth.
NOW, THEREFORE, for and in consideration of the Premises and the mutual agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
1. Definitions. Unless otherwise defined in this Amendment, all initially-capitalized terms used herein shall have the meanings described in the Lease.
2. Expansion Premises. Effective upon the Expansion Premises Commencement Date (as defined below), the Premises (as that term is used in the Lease) shall be amended to include the Expansion Premises. The Expansion Premises is more fully depicted on Exhibit A. Effective upon the Expansion Premises Commencement Date, the Existing Premises and the Expansion Premises shall be referred to collectively as the Premises. Tenant hereby accepts the Expansion Premises in its as is condition with all faults, and with no representations or warranties by Landlord nor any employee or agent of Landlord with respect to any portion of the Expansion Premises (including the exterior areas of the Building) including, without limitation, any representation or warranty with respect to the suitability or fitness of the Expansion Premises for the conduct of Tenants business. Without limiting the foregoing, Landlord is not required to perform or pay for any improvements in the Expansion Premises or otherwise, and is not offering any form of tenant improvement allowance, free rent, or similar concession. Tenant expressly acknowledges that the Expansion Premises does not include any parking or exterior signage rights. As such, Tenant shall not be required to pay any costs with respect to the parking lot or signage under the Lease (including, without limitation, costs for maintenance or taxes for the parking lot or signage, as applicable, under Sections 17 or 18 of the Lease).