Exhibit 10.20
TENTH AMENDMENT OF LEASE
This Tenth Amendment of Lease ("Tenth Amendment") is made this 24th day of May 2022, by and between Oxford Spectrum Wilson LLC, a California Limited Liability Company, (hereinafter called "Lessor") and Staar Surgical Company, a Delaware corporation (hereinafter called "Lessee").
RECITALS:
NOW THEREFORE, for valuable consideration, the sufficiency and receipt of which is hereby acknowledged, and in further consideration of the mutual agreements set forth herein, it is hereby agreed as follow:
June 1, 2022 - July 31, 2022 | $0.00 rental abatement |
August 1, 2022 - May 31, 2023 | $2,904.00 per month ($1.60 psf) |
June 1, 2023 - May 31, 2024 | $2,994.75 per month ($1.65 psf) |
June 1, 2024-May 31, 2025 | $3,085.50 per month ($1.70 psf) |
Exhibit 10.20
Lessee shall not allow the use or consumption of Marijuana or Cannabis, including but not limited to smoking, eating or ingesting it in any other manner, by Lessee or any of Lessee's employees, suppliers, shippers, customers, contractors or invitees at any time when Lessee and Lessee's employees, suppliers, shippers, customers, contractors or invitees are in the Premises or in any of the common areas of the Building within which the Premises are located, including parking lots and structures, or any other buildings located with the Project.
The violation of this provision shall constitute a material non-curable breach of the Lease.
Except as hereby modified, said expansion space shall be modified to a Multi Tenant Net Lease, all other terms and conditions of the Lease shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Tenth Amendment as of the day and year first above written.
LESSOR: | LESSEE: |
OXFORD SPECTRUM WILSON LLC, a California limited liability company | STAAR SURGICAL COMPANY, a Delaware Corporation |
DocuSigned by: | DocuSigned by: |
By: /s/ Jim Neiger | By: /s/ Justin Reed |
Name: Jim Neiger, President Essex Realty Management, Inc. | Name: Justin Reed |
Its: Agent for Lessor | Its: Sr. Director of Engineering -US |
Date: 5/27/2022 | Date: 5/25/2022 |