Second Amendment to Lease Agreement between Clifford D. Downs and RxSight, Inc. for 5 Columbia, Aliso Viejo, CA
This amendment extends the lease between Clifford D. Downs (Lessor) and RxSight, Inc. (Lessee) for the property at 5 Columbia, Aliso Viejo, California, through January 31, 2031. It sets a new rent schedule, increases the security deposit, and grants RxSight two options to renew the lease for additional 60-month periods with rent adjustments based on the Consumer Price Index. The amendment also allows RxSight to leave approved improvements in place at lease end. All other terms of the original lease remain unchanged.
Exhibit 10.2
LEASE AMENDMENT #2
(5 Columbia, Aliso Viejo, CA 92656)
This 2nd Amendment to the Lease Agreement (hereinafter referred to as “Amendment”) is made and entered into by and between Clifford D. Downs (the “Lessor”) and RxSight, Inc., a Delaware Corporation (the “Lessee”, and together with Lessor, the “Parties”) as the last date signed by the Parties (the “Effective Date”).
WHEREAS, the Parties entered into that certain Lease Agreement dated January 10, 2018, as amended on April 5, 2022, (the “Agreement”) for the property located at 5 Columbia, Aliso Viejo, CA 92656, and
WHEREAS, the Parties desire to amend the Agreement in the manner reflected herein, and
WHEREAS, the Parties to the Agreement have approved the Amendment in the manner reflected herein.
NOW THEREFORE, in consideration of the premises and mutual covenants and conditions herein, the Parties, intending to be legally bound, hereby agree as follows:
| $ per Square Foot | Monthly Rent |
Month 1 (April 1, 2025) | $1.56 | $30,700.80 plus Lessee’s NNN expenses. |
Month 2 - 5 | $0.78 | $15,350.40 plus Lessee’s NNN expenses. |
Months 6 - 13 | $1.56 | $30,700.80 plus Lessee’s NNN expenses. |
Months 14 - 17 | $0.78 | $15,350.40 plus Lessee’s NNN expenses. |
Months 18 - 24 | $1.56 | $30,700.80 plus Lessee’s NNN expenses. |
Months 25 - 36 | $1.60 | $31,488.00 plus Lessee’s NNN expenses. |
Months 37 - 48 | $1.65 | $32,472.00 plus Lessee’s NNN expenses. |
Months 49 - 60 | $1.70 | $33,456.00 plus Lessee’s NNN expenses. |
Months 61 - 70 | $1.75 | $34,440.00 plus Lessee’s NNN expenses. |
AGREED & ACCEPTED:
LESSOR: |
| LESSEE: | ||
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| RxSight, Inc. | |
By: |
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| By: | /s/ Ron Kurtz | ||
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| Name: | Ron Kurtz |
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Title: | Lessor |
| Title: | President & CEO |
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Date: | 4-17-24 |
| Date: | 4/18/2024 |
EXHIBIT A