Lease Amendment between RXi Pharmaceuticals Corporation and Newgate Properties, LLC (January 23, 2009)

Contract Categories: Real Estate › Lease Agreements
Summary

This amendment updates the lease agreement between RXi Pharmaceuticals Corporation and Newgate Properties, LLC. The lease term is extended by two years, now ending on July 31, 2011. RXi Pharmaceuticals is also granted the right to terminate the lease with at least 60 days' notice. All other terms of the original lease and previous amendments remain unchanged.

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EX-10.1 2 b73838rpexv10w1.htm EX-10.1 LEASE AMENDMENT DATED JANUARY 23, 2009 exv10w1
January 23, 2009
Stephen DiPalma
RXi Pharmaceuticals Corporation
60 Prescott St.
Worcester, MA 01609
Subject: RXi Pharmaceuticals/Newgate Properties Lease Amendment
Dear Steve,
Per your discussion with D’ Anne Hurd, Vice President for Business Development at Gateway Park (Newgate Properties, LLC), this letter is to serve as an amendment to the Lease between RXi Pharmaceuticals Corporation and Newgate Properties, LLC dated September 25,2007.
Landlord and Tenant agree to amend Section 1.1 , Term, to extend the Term for an additional two (2) years beginning August I, 2009. Therefore, the Lease will now expire on July 31, 2011.
Tenant and Landlord agree to amend Section 1.1, Term to allow Tenant the right to terminate the Lease as may be specified by at least sixty (60) days’ notice to Landlord.
All other Lease terms including those contained in the amendments dated August 28, 2008 and November 4, 2008 will remain in full force and effect.
By signing this letter, we agree to the above terms.
Very truly yours,
LANDLORD:
Newgate Properties, LLC
         
By:   /s/ D’Anne Hurd    
D’ Anne Hurd, Vice President and General Counsel   
Worcester Polytechnic Institute   
TENANT:
RXi Pharmaceuticals Corporation
Acknowledged and Agreed to as of this 23rd day of January, 2009
         
By:   /s/ Stephen DiPalma    
Stephen DiPalma, EVP and CFO   
RXi Pharmaceutical Corporation