Exhibit 10.2
SECOND AMENDMENT TO LEASE
THIS SECOND AMENDMENT TO LEASE (this “Second Amendment”) is made as of March 27, 2023, and effective as of January 1, 2022 (the “Effective Date”), by and between ARE-SAN FRANCISCO NO. 63, LLC, a Delaware limited liability company (“Landlord”), and ALLAKOS INC., a Delaware corporation (“Tenant”).
RECITALS
A. Landlord and Tenant are now parties to that certain Lease Agreement dated as of December 4, 2019, as amended by that certain First Amendment to Lease dated as of November 15, 2022 (as amended, the “Lease”). Pursuant to the Lease, Tenant leases certain premises containing approximately 98,133 rentable square feet (the “Premises”), in that certain building located at located at 825 Industrial Road, San Carlos, California (the “Building”), comprised of the entire fifth floor of the Building, commonly known as Suite 500, and the entire sixth floor of the Building, commonly known as Suite 600. The Premises are more particularly described in the Lease. Capitalized terms used herein without definition shall have the meanings defined for such terms in the Lease.
B. Prior to the date hereof, Landlord caused the Building to be re-measured and pursuant to such re-measurement, the rentable square footages of the Building and the Project have been modified.
C. Landlord and Tenant desire, subject to the terms and conditions set forth below, to amend the Lease to, among other things, revise the rentable square footages of the Building and the Project to reflect the modified rentable square footages resulting from the re-measurement.
NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual promises and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
“Premises: A portion of the Building containing approximately 95,691 rentable square feet, consisting of (i) the entire 5th floor of the Building, commonly known as Suite 500, containing 49,474 rentable square feet, and (ii) the entire 6th floor of the Building, commonly known as Suite 600, containing approximately 46,217 rentable square feet, as determined by Landlord, as shown on Exhibit A.”
“Rentable Area of Premises: 95,691 sq. ft.”
“Rentable Area of Building: 274,626 sq. ft.”
“Rentable Area of Project: 522,729 sq. ft.”
“Tenant’s Share of Operating Expenses of Building: 34.84%”
“Building’s Share of Project: 52.54% sq. ft.”
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[Signatures are on the next page]
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IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day and year first above written.
LANDLORD: | ARE-SAN FRANCISCO NO. 63, LLC, a Delaware limited liability company
By: ALEXANDRIA REAL ESTATE EQUITIES, L.P., a Delaware limited partnership,
By: ARE-QRS Corp., a Maryland corporation, general partner
By: /s/ Kristen Childs Name: Kristen Childs Its: Vice President – Real Estate |
TENANT: | ALLAKOS INC., a Delaware corporation
By: /s/ Adam Tomasi Its: President ☒ I hereby certify that the signature, name, and title
By: /s/ Robert Alexander Its: CEO ☒ I hereby certify that the signature, name, and title |
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