Exhibit 10.1
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is made and entered into as of April 11, 2022 (the “Effective Date”), by and between NEEP INVESTORS HOLDINGS LLC, a Delaware limited liability company (“Landlord”), and SCPHARMACEUTICALS INC., a Delaware corporation (“Tenant”).
RECITALS
NOW, THEREFORE, in consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby amend the Existing Lease and agree and represent as follows:
Months of Term | Annual Rate Per Square Foot | Annual Base Rent | Monthly Base Rent |
12/1/2022- 11/30/2023 | $49.00 | $640,234.00 | $53,352.83 |
“Base Year” for Taxes (defined in Exhibit B): Fiscal Year (defined below) 2023 (i.e., July 1, 2022, to June 30, 2023)
Base Year” for Expenses (defined in Exhibit B): calendar year 2023.
(30) days after delivery to Landlord (or such other period as may be expressly provided in any other agreement signed by the parties).
finders claiming to have represented Landlord in connection with this Amendment other than the Brokers.
[SIGNATURES ON FOLLOWING PAGE]
IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment under seal in two or more counterparts as of the day and year first above written.
LANDLORD:
NEEP INVESTORS HOLDINGS LLC
By: /s/ Stephen A. Kinsella
Name: Stephen A. Kinsella
Title: Authorized Officer
TENANT:
SCPHARMACEUTICALS INC.
By: /s/ John Tucker
Name: John Tucker
Title: CEO