Exhibit 10.26
Addendum to FirstAmendmentto Lease Agreement
Zomedica Pharmaceuticals,Inc.
100 Phoenix Drive,Suite190
ThisAddendum made July 31,2018,to theFirstAmendment to the Lease Agreement (the"Lease")datedAugust 23,2016,for premiseslocated at100 Phoenix D1ive, Ann Arbor,Michigan 48108,byand between Wickfield Phoenix,LLC, a Michiganlimited liabilitycompany("Landlord"),and Zomedica Pharmaceuticals,Inc.,aDelawarecorporation ("Tenant","Zomedica").
NOTWITHSTANDING anything to the contrary contained in the Lease to whichthisAmendment to Lease is attached and made a part thereof,the Landlord and Tenant agree as follows:
WHEREAS, theterm"Lease"shall mean thatcertain officeleasedated August 23, 2016,(the"Premises")as Amended bytheFirst Amendment to Lease Agreement dated July 31,2018,for the space known as Suite 190,125,180and195(collectively,the"Premises")locatedat 100 PhoenixDrive,Ann Arbor, Michigan (the"Building").
WHEREAS,the Tenant haselectedto prepay the Additional Premises Rent in full at Lease Amendment executionandLandlord has agreed to except such prepayment.
NOW THEREFORE ITISHEREBY AGREEDTHAT,
Tenantshallmake asinglepayment of$1,269,073.33 for the total Additional PremisesRent for the Term of the Lease (the"Rental Payment") assetforth in the schedulebelow:
Paid in Advance Effective Rent | |||
Term | $/SQ.FT | Monthly | Annually |
(1) Months 1-7 | $19.00 | $29,513.33 | $206,593.33 |
(1) Months 8-19 | $19.00 | $29,513.33 | $354,160.00 |
(2) Months 20-31 | $19.00 | $29,513.33 | $354,160.00 |
(3) Months 32-43 | $19.00 | $29,513.33 | $354,160.00 |
TOTAL BASE RENT-Single Pay in Advance | $1,269,073.33 |
Landlordshallaccept the Rental Payment as paymentinfull for the Additional Premises Rent. All other termsandconditionsof the Lease shall remain in full force and effect.
LANDLORD: | |||
WICKFIELD PHOENIX LLC, a Michigan limited liability company | |||
By: | /s/Bradley J. Hayosh | ||
Bradley J. Hayosh | |||
Its: | Authorized Agent |
TENANT: | |||
ZOMEDICA PHARMACEUTICALS, INC, a Delaware corporation | |||
By: | /s/Gerald Solensky Jr. | ||
Gerald Solensky, Jr. | |||
Its: | President |