Exhibit 10.2
SIXTH AMENDMENT TO LEASE
This Sixth Amendment to Lease (this “Sixth Amendment”) is made and entered into effective as of September 6, 2023, which is the date that this Sixth Amendment has been fully executed by all of those persons required to sign it (the “Effective Date”), by and between De Anza Enterprises LLC, a California limited liability company (“Landlord”), and DURECT Corporation, a Delaware corporation (“Tenant”), with respect to the following facts:
R E C I T A L S:
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows:
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Months of Term Calendar Period Rent
01 – 02 2/20/2024 - 4/19/2024 $70,095.00
03 – 12 4/20/2024 - 2/19/2025 $93,460.00
13 – 24 2/20/2025 - 2/19/2026 $96,263.80
25 – 36 2/20/2026 - 2/19/2027 $99,151.71
b. Installation of additional fume hoods within labs consistent with descriptions attached as Exhibit “A”.
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LANDLORD:
De Anza Enterprises LLC, a California limited liability company
By: /s/ Salley Behel
Name Printed: Sally Behel
Its: Physician
Date: 9/5/2023
| TENANT:
DURECT Corporation, a Delaware corporation
By: /s/ Tim Papp
Name Printed: Tim Papp
Its: Chief Financial Officer
Date: 9/5/2023
|
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