Fourth Lease Amendment between Duke & Duke and Ocuphire Pharma, Inc. (Suite 120, 37000 Grand River Avenue)

Contract Categories: Real Estate › Lease Agreements
Summary

This amendment, dated October 17, 2022, updates the lease between Duke & Duke (Landlord) and Ocuphire Pharma, Inc. (Tenant) for Suite 120 at 37000 Grand River Avenue, Farmington Hills, MI. The amendment extends the lease term to December 31, 2023, sets the rent at $22.00 per rentable square foot for 2023, and confirms the tenant's share and base tax. All other terms of the original lease remain unchanged unless specifically modified by this amendment.

Read More Arrow
EX-10.1 2 brhc10043598_ex10-1.htm EXHIBIT 10.1
Exhibit 10.1


FOURTH LEASE AMENDMENT
 
This Lease Amendment made this 17th day of October, 2022 by and between DUKE & DUKE, a Limited Partnership, of 37000 Grand River Avenue, Suite 360, Farmington Hills, MI 48335, as “Landlord” and Ocuphire Pharma, Inc. of 37000 Grand River Avenue, Suite 120, Farmington Hills, MI 48335, as “Tenant”.
 
WITNESSETH
 
WHEREAS, on or about the 31st day of August, 2021, Landlord and Tenant entered into a Lease Agreement with a First Amendment on October 29, 2019, a Second Amendment on November 17, 2020, and a Third Amendment on September 9, 2022. The Lease together with any and all Amendments and/or riders is herein collectively referred to as, “Lease”. The certain demised premises consists of 1,623 rentable square feet and being commonly known as Suite 120 at 37000 Grand River Avenue, Farmington Hills, MI 48335; and
 
WHEREAS, the parties wish to amend this Lease in respect to the demised premises in that Tenant will extend the term of the Lease; and
 
NOW THEREFORE, in consideration of monies to be paid and covenants and conditions to be performed, IT IS HEREBY AGREED AS FOLLOWS:
 
1.          That the rent for the Suite known as Suite 120 will be as follows;
 
01/01/2023 — 12/31/2023  $22.00 per rentable square foot
 
2.          That the expiration date of Tenant’s Lease shall be December 31, 2023.
 
3.          Tenant Share: 2.13%
 
4.          Base Tax:          $1.39
 
5.          Miscellaneous:  The Lease remains in full force and effect and has not been modified or extended except as specifically set in this Fourth Amendment. To the extent of any conflict between this Amendment and the Lease, the provisions of this Amendment shall control.
 
TENANT:
LANDLORD:
Ocuphire Pharma, Inc.
DUKE & DUKE,
 
a Limited Partnership
   
/s/ Mina Sooch
  
/s/ Thomas Duke
  
   
Name:
Mina Sooch
Name:
Thomas Duke
Its:
CEO
Its:
Thomas Duke Gen Ptnr
Date:
10/18/2022
Date:
10/18/2022