FOURTH AMENDMENT TO LEASE AGREEMENT
THIS FOURTH AMENDMENT TO LEASE AGREEMENT (this Amendment) is made as of August 6, 2019 (Effective Date), by and between 21st CENTURY TECHBANQ PASADENA LLC, a California limited liability company (Landlord), and ROCKLEY PHOTONICS, INC., a Delaware corporation (Tenant).
R E C I T A L S
A. Landlord and Tenant entered into a Lease, dated as of November 20, 2015 (the Original Lease), as amended by that certain First Amendment to Lease Agreement, dated as of April 27, 2016 (the First Amendment), as further amended by that certain Second Amendment to Lease Agreement, dated as of April 7,2017 (the Second Amendment), and as further amended by the that certain Third Amendment to Lease Agreement, dated as of November 1, 2017 (the Third Amendment) (the Original Lease, First Amendment, Second Amendment, and Third Amendment are collectively referred to as the Lease), for the premises consisting of a total of approximately 14,253 rentable square feet located in the space commonly known as Suites 500 and 502 (approximately 6,575 rentable square feet) and Suites 600 and 610 (approximately 7,678 rentable square feet) (collectively the Current Premises), on the 5th floor and 6th floor, respectively, of the office building located at 234 E. Colorado Boulevard, Pasadena, California 91101 (the Building).
B. Tenant desires to expand the Current Premises to include that certain space consisting of approximately 965 rentable square feet, located in the space commonly known as Suite 505, and Landlord and Tenant desire to otherwise to amend the Lease as set forth herein.
T E R M S
NOW, THEREFORE, in consideration of the mutual agreements contained in this Amendment, Landlord and Tenant agree as follows:
1. Incorporation of Recitals. The Recitals set forth above are incorporated herein by reference.
2. Definitions. All capitalized terms used herein, unless otherwise expressly defined in this Amendment, shall have the meanings ascribed to them in the Lease. In the event of any inconsistency between the terms of the Lease and the terms of this Amendment, the terms of this Amendment shall control.
3. Modification of Current Premises. Effective as of the Suite 505 Expansion Premises Commencement Date (as defined in Section 4 below), Tenant shall lease from Landlord, and Landlord shall lease to Tenant, a portion of the fifth (5th) floor consisting of approximately 965 rentable square feet and located in a portion of the space commonly known as Suite 505 of the Building (the Suite 505 Expansion Premises), as shown on Exhibit A attached hereto. Landlord and Tenant hereby acknowledge that such addition of the Suite 505 Expansion Premises shall, effective as of the Suite 505 Expansion Premises Commencement Date, increase the size of the Premises, as defined below, to approximately 15,218 rentable square feet. The Current Premises and the Suite 505 Expansion Premises may hereinafter collectively be referred to as the Premises and all references to the Premises in the Lease shall apply to the Suite 505 Expansion Premises, except as set forth in this Amendment.