Exhibit 10.25
THIRD AMENDMENT TO LEASE
30 Minuteman
This Third Amendment to Lease (this “Amendment”) is entered into as of___April 30__, __2010__ by and between 30 Minuteman LLC (“Landlord”) and TransMedics, Inc. (“Tenant”).
Background
A. Landlord and Tenant entered into that certain Lease dated as of June 25, 2004 (as amended, the “Lease”) for the Building located at 30 Minuteman Road, Andover, Massachusetts, as more particularly described therein. Capitalized terms used and not defined herein shall have the meaning given to them in the Lease.
B. The parties have agreed to amend the Lease to change the base rent, extend the Lease term, and confirm certain other matters.
Agreement
NOW THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree and the Lease is amended as follows as of this date notwithstanding anything to the contrary:
1. Starting as of May 1, 2010, base rent for the Premises will be payable at the rates set forth in Exhibit D attached to this Amendment and incorporated by this reference, and the existing Exhibit D to the Lease will be deemed deleted,
2. In lieu of exercising its five-year Extension Option, the Lease Term is now extended for seven (7) years, so it expires on December 31, 2021 unless terminated earlier in accordance with the Lease. Tenant has no further rights to extend the Lease Term, and Addendum #1 to the Lease (Extension Option), ail references to .it in the Lease, and Tenant rights hereunder (which were-never exercised) are deleted from the Lease.
3. The Lease is now cross-defaulted with the lease between 200 Minuteman LLC, an entity under common control with Landlord, and Tenant, dated as of June 25, 2004, for the property located at 200 Minuteman Road (with existing and future amendments, the “200 Minuteman Lease”), as follows: Accordingly, Section 21(f) of the Lease is deleted and the following is substituted in its place as a Lease default: “(f) Tenant’s default and failure to cure within applicable grace periods (if any) under the 200 Minuteman Lease for so long as the landlord under the 200 Minuteman Lease is an entity controlling, controlled by or under common control with Landlord;”
4. Each of Landlord and Tenant represents and warrants that it has had no dealings with any broker or brokerage agent in connection with this Amendment that is due a fee or other consideration from the other. Each of Landlord and Tenant covenants to pay, hold harmless and indemnify the other from and against any and all costs, expense or liability for any compensation commissions and charges claimed by any broker or brokerage agent claiming though such party,
