Exhibit 10.28
CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY […***…], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.
ALLOY INNOVATION CENTER
LEASE
This Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between NITROGEN PROPCO 2020, L.P., a Delaware limited partnership (“Landlord”), and IMMUNOME, INC., a Delaware corporation (“Tenant”).
SUMMARY OF BASIC LEASE INFORMATION
TERMS OF LEASE | DESCRIPTION |
1.Date: | December 16, 2024. |
2.Premises (Article 1). | |
2.1Building: | That certain building located at 18804 North Creek Parkway and commonly known as “Building 3”, Bothell, Washington 98011. Building 3 contains approximately 23,346 rentable square feet. Building 3 is herein referred to as “the Building” or “Building 3”) |
2.2Premises: | Approximately 10,000 rentable square feet of space located on the first (1st) floor of Building 3 and commonly known as Suite 100 (the “Premises”), as further set forth in Exhibit A to the Lease. |
2.3Project: | The Building is part of a project known as “Alloy Innovation Center,” as set forth in Section 1.1.2 of this Lease. The Project contains approximately 205,480 rentable square feet. |
3.Lease Term (Article 2). | |
3.1Length of Term: | Ninety-one (91) months (the “Term”). |
3.2 Lease Commencement Date: | The earlier to occur of (i) the date upon which Tenant first commences to conduct normal business operations in the Premises and (ii) September 1, 2025 (the “Commencement Date”). |
3.3 Lease Expiration Date: | If the Commencement Date shall be the first day of a calendar month, then the day immediately preceding the ninety-first (91st) monthly anniversary of the Commencement Date; or, if the Commencement Date shall be other than the first day of a calendar month, then the last day of the month in which the ninety-first (91st) monthly anniversary of the Commencement Date occurs (the “Expiration Date”). |
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4.Base Rent (Article 3): | | |
Period During Lease Term | Annual Base Rent | Monthly Installment of Base Rent |
Lease Months 1 – 12* | […***…] | […***…] |
Lease Months 13 – 24 | […***…] | […***…] |
Lease Months 25 – 36 | […***…] | […***…] |
Lease Months 37 – 48 | […***…] | […***…] |
Lease Months 49 – 60 | […***…] | […***…] |
Lease Months 61 – 72 | […***…] | […***…] |
Lease Months 73 – 84 | […***…] | […***…] |
Lease Months 85 – 91 | […***…] | […***…] |
| * | Notwithstanding the foregoing Base Rent schedule or any contrary provision of this Lease, but subject to the terms of Section 3.2.2, below, Tenant shall not be obligated to pay Base Rent with respect to the Premises during the initial […***…] months following the Commencement Date. |
5.Operating Expenses and Tax Expenses (Article 4): | This is a “TRIPLE NET” lease and as such, the provisions contained in this Lease are intended to pass on to Tenant and reimburse Landlord for the costs and expenses reasonably associated with this Lease and the Project, and Tenant’s operation therein. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant in accordance with the terms of this Lease as Additional Rent. |
6.Tenant’s Share (Article 4): | 4.8667% of the Project and 42.8339% of the Building. |
7.Permitted Use (Article 5): | General office and general laboratory use, in compliance with, and subject to, applicable laws and the terms of this Lease. |
8.Letter of Credit (Article 21): | […***…] |
9.Parking Passes (Section 29.29): | Two and 8/10 (2.8) unreserved parking passes for every 1,000 rentable square feet of the Premises (and the Expansions Space, if applicable), subject to the terms of Section 29.29 of the Lease. |
10.Address of Tenant (Section 29.18): | IMMUNOME, INC. 18702 North Creek Parkway, Building 4, Suite 100 Bothell, Washington 98 011 Attention: Chief Financial Officer Telephone Number: […***…] E-mail: […***…] |
With a copy to: | Immunome, Inc. 665 Stockton Dr. #300 Exton, PA 19341 Attention: General Counsel Telephone Number: […***…] Email: […***…] and Stephanie Ray Law Offices, LLC 68 Andover Road Rockville Centre, New York 11570 Attention: Stephanie Ray, Esq. Telephone Number: […***…] Email: […***…] |
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11.Address of Landlord (Section 29.18): | See Section 29.18 of the Lease. |
12.Broker(s) (Section 29.24): | Tenant: Newmark Landlord: Broderick Group, Inc. |
13.Tenant Improvement Allowance (Exhibit B): | […***…] (i.e., an amount equal to […***…] per rentable square foot of Building 3), subject to the terms and conditions of Section 1.3.1, below. |
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For purposes of this Section 1.5, a “bona-fide third-party offer” shall mean a counter-offer received by Landlord to lease the Designated Space from an unaffiliated and qualified third party. For purposes of example only, the following would each constitute a bone-fide third-party offer:
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If Landlord is not furnishing any particular work or service (the cost of which, if performed by Landlord, would be included in Operating Expenses) to a tenant who has undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall be deemed to be increased by an amount equal to the additional Operating Expenses which would reasonably have been incurred during such period by Landlord if it had at its own expense furnished such work or service to such tenant. If the Project is not fully occupied during all or a portion of any Expense Year, Landlord shall make an appropriate adjustment to the components of Operating Expenses that vary with occupancy (“Variable Operating Expenses”) for such year to determine the amount of Operating Expenses that would have been incurred had the Project been fully occupied; and the amount so determined shall be deemed to have been the amount of Operating Expenses for such year; provided, however, if Landlord actually incurs any Variable Operating Expenses with respect to vacant space in the Project (for example only, if Landlord provides occasional (such as monthly) janitorial services to vacant space in the Project), then because Landlord has “grossed up” Variable Operating Expenses to account for such vacant space, the actual expense incurred by Landlord with respect to such vacant space shall be excluded from Operating Expenses. Landlord represents the Operating Expenses for calendar year 2025 are estimated, in Landlord’s good faith, to be […***…] per rentable square foot for the Premises, exclusive of the cost of utilities and janitorial services exclusively serving the Premises.
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§ 2701 et seq., the Emergency Planning and Community Right-To-Know Act of 1986, 42 USC § 11001 et seq., the National Environmental Policy Act of 1969, 42 USC § 4321 et seq., the Federal Insecticide, Fungicide and Rodenticide Act of 1947, 7 USC § 136 et seq., and any other state or local law counterparts, as amended, as such applicable laws, are in effect as of the Lease Commencement Date, or thereafter adopted, published, or promulgated.
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Landlord shall maintain in good condition and operating order and keep in good order, repair and condition the structural portions of the Building, including the foundation, floor/ceiling slabs, roof structure, roof membrane, curtain wall, exterior glass and mullions, columns, beams, the Project Common Areas, including snow removal, all public areas servicing the Project, including the parking areas, walkways, public area lighting, landscaping and exterior Project signage (collectively, “Building Structure”), and, if Tenant does not exercise its Expansion Right or otherwise lease the entirety of the Building, the Base Building mechanical, electrical, life safety, plumbing, and sprinkler systems which existed as of the date of this Lease and were not constructed by Tenant Parties (collectively, the “Building Systems”). Notwithstanding anything in this Lease to the contrary, Tenant shall be required to repair the Building Structure and/or the Building Systems to the extent caused due to Tenant’s negligence or willful misconduct, unless and to the extent such damage is covered by insurance carried or required to be carried by Landlord pursuant to Article 10 and to which the waiver of subrogation is applicable (such obligation to the extent applicable to Tenant as qualified and conditioned will hereinafter be defined as the “BS Exception”). Tenant shall, at Tenant’s own expense, keep and maintain the Premises, including all improvements, fixtures, equipment, interior window coverings, and furnishings therein, the floor or floors of the Premises, and the backup generator for the Building, the HVAC systems exclusively serving the Premises, and any systems constructed by Tenant Parties, and, notwithstanding anything in this Lease to the contrary, to the extent that Tenant exercises its Expansion Right or otherwise leases the entirety of the Building, in addition to the foregoing, Tenant shall also keep and maintain all Building Systems, all Building mechanical, electrical and telephone closets, and all HVAC systems serving the Building, in good order, repair and condition at all times during the Lease Term; provided that such obligation shall not extend to the Building Structure except pursuant to the BS Exception. Tenant shall promptly and adequately repair all damage to the Premises and replace or repair all damaged, broken, or worn fixtures and appurtenances, but such obligation shall not extend to the Building Structure except pursuant to the BS Exception, except for damage caused by ordinary wear and tear. Landlord may, but shall not be required to, enter the Premises at all reasonable times to make such repairs, alterations, improvements or additions to the Building or to the Project or to any equipment which is part of a Building System and located in the Premises as Landlord shall deem reasonably necessary or as Landlord may be required to do by governmental or quasi-governmental authority or court order or decree; provided, however, except for emergencies any such entry into the Premises by Landlord shall be performed in accordance with Article 27 of this Lease. Tenant hereby waives and releases any and all rights it may have at law or in equity to make repairs at the expense of Landlord.
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Tenant shall keep the Project and Premises free from any liens or encumbrances arising out of the work performed, materials furnished or obligations incurred by or on behalf of Tenant, and shall protect, defend, indemnify and hold Landlord harmless from and against any claims, liabilities, judgments or costs (including, without limitation, reasonable attorneys’ fees and costs) arising out of same or in connection therewith. Tenant shall give Landlord notice at least twenty (20) days prior to the commencement of any such work on the Premises (or such additional time as may be necessary under applicable laws) to afford Landlord the opportunity of posting and recording appropriate notices of non-responsibility. Tenant shall remove any such lien or encumbrance by bond or otherwise within ten (10) business days after notice by Landlord, and if Tenant shall fail to do so, Landlord may pay the amount necessary to remove such lien or encumbrance by bond, without being responsible for investigating the validity thereof. The amount so paid shall be deemed Additional Rent under this Lease payable upon demand, without limitation as to other remedies available to Landlord under this Lease. Nothing contained in this Lease shall authorize Tenant to do any act which shall subject Landlord’s title to the Building or Premises to any liens or encumbrances whether claimed by operation of law or express or implied contract. Any claim to a lien or encumbrance upon the Building or Premises arising in connection with any such work or respecting the Premises not performed by or at the request of Landlord shall be null and void, or at Landlord’s option shall attach only against Tenant’s interest in the Premises and shall in all respects be subordinate to Landlord’s title to the Project, Building and Premises.
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Bodily Injury and Property Damage Liability | | […***…] each occurrence |
Personal Injury and Advertising Liability | | […***…] each occurrence |
Tenant Legal Liability/Damage to Rented Premises Liability | | […***…] |
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No provision of this Lease shall be deemed waived by either party hereto unless expressly waived in a writing signed thereby. The waiver by either party hereto of any breach of any term, covenant or condition herein contained shall not be deemed to be a waiver of any subsequent breach of same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant or condition of this Lease, other than the failure of Tenant to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such Rent. No acceptance of a lesser amount than the Rent herein stipulated shall be deemed a waiver of Landlord’s right to receive the full amount due, nor shall any endorsement or statement on any check or payment or any letter accompanying such check or payment be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the full amount due. No receipt of monies by Landlord from Tenant after the termination of this Lease shall in any way alter the length of the Lease Term or of Tenant’s right of possession hereunder, or after the giving of any notice shall reinstate, continue or extend the Lease Term or affect any notice given Tenant prior to the receipt of such monies, it being agreed that after the service of notice or the commencement of a suit, or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment of said Rent shall not waive or affect said notice, suit or judgment.
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If the whole or any material part of the Premises, Building or Project shall be taken by power of eminent domain or condemned by any competent authority for any public or quasi-public use or purpose, or if any adjacent property or street shall be so taken or condemned, or reconfigured or vacated by such authority in such manner as to require the significant reconstruction or significant remodeling of any part of the Premises, Building or Project (only if the taking of that portion of the Project would affect the operation or occupancy of the Building), or if Landlord shall grant a deed or other instrument in lieu of such taking by eminent domain or condemnation with respect to the Building or such portion of the Project that affects the operation or occupancy of the Building, Landlord shall have the option to terminate this Lease effective as of the date possession is required to be surrendered to the authority; provided, that with respect to any such matter as to only part of the Premises, this right is exercisable only to the extent that the remainder of the Premises is insufficient for the reasonable operation of Tenant’s business and Landlord also terminates the leases of all other tenants in the Building similarly affected by the taking. If any material portion of the Premises is taken such that the remaining portion of the Premises is not sufficient to allow Tenant to effectively conduct its business therein in Tenant’s reasonable judgment, or if access to the Premises is substantially impaired, in each case for a period in excess of one hundred eighty (180) days, Tenant shall have the option to terminate this Lease effective as of the date possession is required to be surrendered to the authority. Tenant shall not because of such taking assert any claim against Landlord or the authority for any compensation because of such taking and Landlord shall be entitled to the entire award or payment in connection therewith, except that Tenant shall have the right to file any separate claim available to Tenant for any taking of Tenant’s personal property and fixtures belonging to Tenant and removable by Tenant upon expiration of the Lease Term pursuant to the terms of this Lease, and for moving expenses, so long as such claim is payable separately to Tenant. All Rent shall be apportioned as of the date of such termination. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be proportionately abated and Landlord shall perform all necessary work to restore the Premises to the condition prior to the Taking so that the Premises is useable by Tenant substantially in the manner and for the purposes used by Tenant prior to the Taking. Tenant hereby waives any and all rights it might otherwise have under any conflicting law. Notwithstanding anything to the contrary contained in this Article 13, in the event of a temporary taking of all or any portion of the Premises for a period of one hundred and eighty (180) days or less, then this Lease shall not terminate but the Base Rent and the Additional Rent shall be abated for the period of such taking in proportion to the ratio that the amount of rentable square feet of the Premises taken bears to the total rentable square feet of the Premises; provided, however, in the event that Tenant cannot use, and does not use, a portion of the Premises as a result of such taking and the remaining portion of the Premises is not sufficient to allow Tenant to effectively conduct its business therein in Tenant’s reasonable judgment, and if Tenant does not conduct its business from such remaining portion, then for such time during which Tenant is so prevented from effectively conducting its business therein, the Base Rent and Tenant’s Share of Direct Expenses for the entire Premises shall be abated for such time as Tenant continues to be so prevented from using, and does not use, the Premises. Landlord shall be entitled to receive the entire award made in connection with any such temporary taking.
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If Landlord consents to any Transfer pursuant to the terms of this Section 14.2 (and does not exercise any recapture rights Landlord may have under Section 14.4 of this Lease), Tenant may within six (6) months after Landlord’s consent, but not later than the expiration of said six-month period, enter into such Transfer of the Premises or portion thereof, upon substantially the same terms and conditions as are set forth in the Transfer Notice furnished by Tenant to Landlord pursuant to Section 14.1 of this Lease, provided that if there are any changes in the terms and conditions from those specified in the Transfer Notice such that Landlord would initially have been entitled to refuse its consent to such Transfer under this Section 14.2, ’’Tenant shall again submit the Transfer to Landlord for its approval and other action under this Article 14 (including Landlord’s right of recapture, if any, under Section 14.4 of this Lease). Notwithstanding anything to the contrary in this Lease, if Tenant or any proposed Transferee claims that Landlord has unreasonably withheld or delayed its consent under Section 14.2 or otherwise has breached or acted unreasonably under this Article 14, their sole remedies shall be a suit for contract damages (other than damages for injury to, or interference with, Tenant’s business including, without limitation, loss of profits, however occurring) or declaratory judgment and an injunction for the relief sought, and Tenant hereby waives all other remedies, including, without limitation, any right at law or equity to terminate this Lease, on its own behalf and, to the extent permitted under all applicable laws, on behalf of the proposed Transferee.
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If Tenant holds over after the expiration of the Lease Term or earlier termination thereof, such tenancy shall be a tenancy at sufferance, and shall not constitute a renewal hereof or an extension for any further term, and in such case Rent shall be payable at a daily rate equal to the product of (i) the daily Rent applicable during the last rental period of the Lease Term under this Lease, and (ii) a percentage equal to […***…] during the first (1st) month immediately following the expiration or earlier termination of the Lease Term, and […***…] hereafter. Such tenancy shall be subject to every other applicable term, covenant and agreement contained herein. Nothing contained in this Article 16 shall be construed as consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to require Tenant to surrender possession of the Premises to Landlord as provided in this Lease upon the expiration or other termination of this Lease. If Tenant holds over without Landlord’s express written consent, and tenders payment of rent for any period beyond the expiration of the Lease Term by way of check (whether directly to Landlord, its agents, or to a lock box) or wire transfer, Tenant acknowledges and agrees that the cashing of such check or acceptance of such wire shall be considered inadvertent and not be construed as creating a month-to-month tenancy, provided Landlord refunds such payment to Tenant promptly upon learning that such check has been cashed or wire transfer received. The provisions of this Article 16 shall not be deemed to limit or constitute a waiver of any other rights or remedies of Landlord provided herein or at law. If Tenant fails to surrender the Premises upon the termination or expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, subject to the further provisions of this Section, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs (including reasonable attorneys’’ fees) and liability resulting from such failure, including, without limiting the generality of the foregoing, any claims made by any succeeding tenant founded upon such failure to surrender and any lost profits to Landlord resulting therefrom. Notwithstanding the foregoing or anything to the contrary contained in this Lease, provided that Tenant does not hold over in the Premises or any portion thereof for more than 30 days, Landlord hereby waives the right to proceed against Tenant for any claims made by any succeeding tenant and for any lost profits or any other consequential damages relating to or arising from any such holdover by Tenant; it being the intent that if Tenant holds over for more than 30 days, Tenant shall be liable for any claims made by any succeeding tenant and any lost profits and any other consequential damages from the commencement of such holdover. Tenant agrees that any proceedings necessary to recover possession of the Premises, whether before or after expiration of the Lease Term, shall be considered an action to enforce the terms of this Lease for purposes of the awarding of any attorney’s fees in connection therewith.
Within fifteen (15) business days following a request in writing by Landlord, Tenant shall execute, acknowledge and deliver to Landlord an estoppel certificate, which, as submitted by Landlord, shall be substantially in the form of Exhibit E, attached hereto (or such other commercially reasonable form as may be required by any prospective mortgagee or purchaser of the Project, or any portion thereof), indicating therein any exceptions thereto that may exist at that time, and shall also contain any other customary information reasonably requested by Landlord or Landlord’s mortgagee or prospective mortgagee. Any such certificate may be relied upon by any prospective mortgagee or purchaser of all or any portion of the Project. Tenant shall execute and deliver whatever other customary instruments are reasonably required by a prospective mortgagee or purchaser for such purposes. At any time during the Lease Term, but not more than once in any twelve month period (except in connection with a sale or financing of the Building, or in connection with Tenant’s request for Landlord’s approval of an Alteration
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or a Transfer), Landlord may require Tenant to provide Landlord with a current financial statement and financial statements of the two (2) years prior to the current financial statement year. Such statements shall be prepared in accordance with generally accepted accounting principles and, if such is the normal practice of Tenant, shall be audited by an independent certified public accountant. Failure of Tenant to timely execute, acknowledge and deliver such estoppel certificate or other instruments shall constitute an acknowledgment by Tenant that statements included in the estoppel certificate are true and correct, without exception. Notwithstanding the foregoing, in the event that (i) stock in the entity which constitutes Tenant under this Lease (as opposed to an entity that “controls” Tenant or is otherwise an “affiliate” of Tenant, as those terms are defined in Section 14.8 of this Lease) is publicly traded on a national stock exchange, and (ii) Tenant has its own, separate and distinct 10K and 10Q filing requirements (as opposed joint or cumulative filings with an entity that controls Tenant or with entities which are otherwise Affiliates of Tenant), then Tenant’s obligation to provide Landlord with a copy of its most recent current financial statement shall be deemed satisfied.
This Lease shall be subject and subordinate to all present and future ground or underlying leases of the Building or Project and to the lien of any mortgage, trust deed or other encumbrances now or hereafter in force against the Building or Project or any part thereof, if any, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or hereafter to be made upon the security of such mortgages or trust deeds, unless the holders of such mortgages, trust deeds or other encumbrances, or the lessors under such ground lease or underlying leases, require in writing that this Lease be superior thereto (such superior instruments, collectively, “Superior Instruments”, and the holders of such Superior Instruments, collectively, the “Superior Holders”); provided, however, that in consideration of and a condition precedent to Tenant’s agreement to subordinate this Lease to any future mortgage, trust deed or other encumbrances, shall be the receipt by Tenant of a subordination non- disturbance and attornment agreement in a commercially reasonable form provided by such Superior Holders, which requires such Superior Holder to accept this lease, and not to disturb tenant’s possession, so long as an event of default has not occurred and be continuing (a “SNDAA”) executed by Landlord and the appropriate Superior Holder. Tenant covenants and agrees in the event any proceedings are brought for the foreclosure of any such mortgage or deed in lieu thereof (or if any ground lease is terminated), to attorn, without any deductions or set-offs whatsoever, to the lienholder or purchaser or any successors thereto upon any such foreclosure sale or deed in lieu thereof (or to the ground lessor), if so requested to do so by such purchaser or lienholder or ground lessor, and to recognize such purchaser or lienholder or ground lessor as the lessor under this Lease, provided such lienholder or purchaser or ground lessor shall agree to accept this Lease and not disturb Tenant’s occupancy, so long as Tenant timely pays the rent and observes and performs the terms, covenants and conditions of this Lease to be observed and performed by Tenant. Landlord’s interest herein may be assigned as security at any time to any lienholder. Tenant shall, within ten (10) days of request by Landlord, execute such further instruments or assurances as Landlord may reasonably deem necessary to evidence or confirm the subordination or superiority of this Lease to any such mortgages, trust deeds, ground leases or underlying leases. Tenant waives the provisions of any current or future statute, rule or law which may give or purport to give Tenant any right or election to terminate or otherwise adversely affect this Lease and the obligations of the Tenant hereunder in the event of any foreclosure proceeding or sale.
Upon Tenant’s execution and delivery of this Lease, Tenant shall concurrently execute and deliver to Landlord a SNDAA in the form attached hereto as Exhibit G (“Execution SNDAA”). Concurrently with its delivery of this Lease to Tenant, Landlord shall deliver the Execution SNDAA, executed by Landlord and the current Superior Holder, BREDIF REIT LLC (“Current Holder”) to
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Tenant. Landlord represents to Tenant that, as of the Effective Date, the Project is not encumbered by any Superior Instrument other than the mortgage or deed of trust held by the Current Holder.
The notice periods provided herein are in lieu of, and not in addition to, any notice periods provided by law.
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The term “rent” as used in this Section 19.2 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, to Landlord. As used in Sections 19.2.1(i) and (ii), above, the “worth at the time of award” shall be computed by allowing interest at the rate set forth in Article 25 of this Lease, but in no case greater than the maximum amount of such interest permitted by law. As used in Section 19.2.1(iii) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%).
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Landlord covenants that Tenant, on paying the Rent, and on keeping, observing and performing all the other terms, covenants, conditions, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed, shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the terms, covenants, conditions, provisions and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other implied covenant with respect to the subject matter thereof.
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Tenant shall not do anything or suffer anything to be done in or about the Premises or the Project which will in any way conflict with any law, statute, ordinance or other governmental rule, regulation or requirement now in force or which may hereafter be enacted or promulgated. At its sole cost and expense, Tenant shall promptly comply with all such governmental measures which relate to (i) Tenant’s use of the Premises, (ii) any Alterations made by Tenant to the Premises, and any Tenant Improvements in the Premises, or (iii) the Base Building, but as to the Base Building, only to the extent such obligations are triggered by Alterations made by Tenant to the Premises, or triggered by the Tenant Improvements to the extent such Tenant Improvements, or triggered by Tenant’s use of the Premises for non-general office use or non-general laboratory use (“Tenant’s Compliance with Laws Obligations”), provided that Tenant’s failure to comply therewith would prohibit Landlord from obtaining or maintaining a certificate of occupancy for the Building or any portion thereof or would prohibit any other tenant or occupant of the Building from obtaining or maintaining a certificate of occupancy for its premises, or would unreasonably and materially affect the safety of Landlord’s or any other tenant’s or occupant’s employees or create a significant health hazard for Landlord’s or any other tenant’s or occupant’s employees, or would otherwise materially and adversely affect Landlord’s ability to operate and maintain the Building in a first class manner consistent with the Comparable Buildings. Should any standard or regulation now or hereafter be imposed on Landlord or Tenant by a state, federal or local governmental body charged with the establishment, regulation and enforcement of occupational, health or safety standards for employers,
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employees, landlords or tenants, then Tenant agrees, at its sole cost and expense, to comply promptly with such standards or regulations. Tenant shall be responsible, at its sole cost and expense, to make all alterations to the Premises as are required to comply with Tenant’s Compliance with Laws Obligations. The judgment of any court of competent jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has violated any of said governmental measures, shall be conclusive of that fact as between Landlord and Tenant. Landlord shall comply with all applicable laws relating to the Base Building, provided that compliance with such applicable laws is not the responsibility of Tenant under this Lease, and provided further that Landlord’s failure to comply therewith would prohibit Tenant from obtaining or maintaining a certificate of occupancy for the Premises, or would unreasonably and materially affect the safety of Tenant’s employees or create a significant health hazard for Tenant’s employees, or would otherwise materially and adversely affect Tenant’s use of or access to the Premises. Landlord shall be permitted to include in Operating Expenses any costs or expenses incurred by Landlord under this Article 24 to the extent not prohibited by the terms of Article 4 of this Lease, above.
If any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee when due, then Tenant shall pay to Landlord a late charge equal to […***…] of the overdue amount plus any reasonable attorneys’ fees incurred by Landlord by reason of Tenant’s failure to pay Rent and/or other charges when due hereunder; provided, however, with regard to the first such failure in any twelve (12) month period, Landlord will waive such late charge to the extent Tenant cures such failure within five (5) business days following Tenant’s receipt of written notice from Landlord that the same was not received when due. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. In addition to the late charge described above, any Rent or other amounts owing hereunder which are not paid within ten (10) days after the date they are due shall bear interest from the date when due until paid at a rate per annum equal to the lesser of (i) the annual “Bank Prime Loan” rate cited in the Federal Reserve Statistical Release Publication H.15, published on the first Tuesday of each calendar month (or such other comparable index as Landlord and Tenant shall reasonably agree upon if such rate ceases to be published) plus […***…] points, and (ii) the highest rate permitted by applicable law.
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Landlord reserves the right at all reasonable times and upon reasonable prior notice to Tenant (except in the case of an emergency) to enter the Premises during normal business hours (except in the case of an emergency) to (i) inspect them; (ii) show the Premises to prospective purchasers, or to current or prospective mortgagees, ground or underlying lessors or insurers or, during the last twelve (12) months of the Lease Term, to prospective tenants; (iii) post notices of non-responsibility; or (iv) make such alterations, improvements, additions or repairs to all or any portion of the Premises, the Base Building, the Base Building systems or the Project as Landlord deem reasonably necessary, or as Landlord may be required to perform under applicable laws, or by any governmental or quasi-governmental authority, or by court order or decree. Landlord shall comply and cause its agents, employees and invitees to comply with all reasonable security and safety protocols and measures Tenant may institute from time to time when accessing the Premises. Notwithstanding anything to the contrary contained in this Article 27, Landlord may enter the Premises at any time to (A) perform services required of Landlord, including janitorial service; (B) take possession due to any breach of this Lease in the manner provided herein; and (C) perform any covenants of Tenant which Tenant fails to perform. Tenant may elect to have a representative of Tenant present during any such access to accompany Landlord, its agents and invitees (provided that Tenant shall use commercially reasonable efforts to ensure that a representative is available within three (3) business days following Landlord’s request therefor). Landlord may make any such entries without the abatement of Rent, except as otherwise provided in this Lease, and may take such reasonable steps as required to accomplish the stated purposes, provided that Landlord hereby agrees to use commercially reasonable efforts to minimize interference with the conduct of Tenant’s business in connection with entries into the Premises. Tenant hereby waives any claims for damages or for any injuries or inconvenience to or interference with Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned thereby. For each of the above purposes, Landlord shall at all times have a key with which to unlock all the doors in the Premises, excluding Tenant’s vaults, safes and special security areas designated in advance by Tenant. Notwithstanding anything to the contrary set forth in this Article 27, Tenant may designate in writing certain reasonable areas of the Premises as “Secured Areas” should Tenant require such areas for the purpose of securing certain valuable property or confidential information; provided, that the Secure Area does not block access to base building systems or other areas of the Building to which Landlord requires regular access. In connection with the foregoing, Landlord shall not enter such Secured Areas except in the event of an emergency. Landlord need not clean any area designated by Tenant as a Secured Area and shall only maintain or repair such secured areas to the extent (i) such repair or maintenance is required in order to maintain and repair the Base Building; (ii) as required by applicable law, or (iii) in response to specific requests by Tenant and in accordance with a schedule reasonably designated by Tenant, subject to Landlord’s reasonable approval. In an emergency, Landlord shall have the right to use any means that Landlord may deem proper to open the doors in and to the Premises. Any entry into the Premises by Landlord in the manner hereinbefore described shall not be deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an actual or constructive eviction of Tenant from any portion of the Premises. No provision of this Lease shall be construed as obligating Landlord to perform any repairs,
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alterations or decorations except as otherwise expressly agreed to be performed by Landlord herein.
Tenant may install, maintain, replace, remove or use any communications or computer wires and cables serving the Premises (collectively, the “Lines”), provided that (i) Tenant shall use an experienced and qualified contractor approved in writing by Landlord, and comply with all of the other provisions of Articles 7 and 8 of this Lease, (ii) the Lines therefor (including riser cables) shall be appropriately insulated to prevent excessive electromagnetic fields or radiation, shall be surrounded by a protective conduit reasonably acceptable to Landlord, and shall be identified in accordance with the “Identification Requirements,” as that term is set forth hereinbelow, (iii) any new or existing Lines servicing the Premises shall comply with all applicable governmental laws and regulations, and (iv) Tenant shall pay all costs in connection therewith. All Lines shall be clearly marked with adhesive plastic labels (or plastic tags attached to such Lines with wire) to show Tenant’s name, suite number, telephone number and the name of the person to contact in the case of an emergency (A) every four feet (4’) outside the Premises (specifically including, but not limited to, the electrical room risers and other Common Areas), and (B) at the Lines’ termination point(s) (collectively, the “Identification Requirements”). Tenant shall have no obligation to remove any Lines installed by Tenant and located in or serving the Premises. The installation of the initial Lines in the Premises shall be governed by the terms of the Tenant Work Letter and not the terms of this Article 28.
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If to Landlord:
Nitrogen PropCo 2020, L.P.
c/o WTM North Creek, LLC
1700 E. Walnut Avenue, Suite 450
El Segundo, California 90245
Attention: Jeremy Dorsett
Email: […***…]
Telephone: […***…]
and
Allen Matkins Leck Gamble Mallory & Natsis LLP
1901 Avenue of the Stars, Suite 1800
Los Angeles, California 90067
Attention: Michael E. McFadden, Esq. Email: […***…]
If to Tenant: As set forth in Section 10 of the Summary.
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[Signatures follow on next page]
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IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and date first above written.
LANDLORD:
NITROGEN PROPCO 2020, L.P.,
a Delaware limited partnership
By: NITROGEN DEBT HOLDINGS GENPAR, LLC,
its General Partner
By: NITROGEN JV 2020, LLC
its Sole Member
By: WTP NORTH CREEK, LLC,
its Administrative Member
By: /s/ Jeremy R. Dorsett
Name: Jeremy R. Dorsett
Its: Vice President
TENANT:
IMMUNOME, INC.,
a Delaware corporation
By:/s/ Clay Siegall
Name: Clay Siegall
Its: President & Chief Executive Officer
EXHIBIT A-1
ALLOY INNOVATION CENTER
OUTLINE OF BUILDING 3 PREMISES
[…***…]
EXHIBIT A-2
BUILDING 3 EXPANSION SPACE
[…***…]
EXHIBIT B
ALLOY INNOVATION CENTER
TENANT WORK LETTER
[…***…]
-1-
SCHEDULE 1 TO EXHIBIT B
DELIVERY CONDITION
[…***…]
-1-
EXHIBIT C
ALLOY INNOVATION CENTER
NOTICE OF LEASE TERM DATES
[…***…]
4878-8163-9924.6 | EXHIBIT C | ALLOY INNOVATION CENTER |
EXHIBIT D
ALLOY INNOVATION CENTER
RULES AND REGULATIONS
[…***…]
EXHIBIT E
ALLOY INNOVATION CENTER
FORM OF TENANT’S ESTOPPEL CERTIFICATE
[…***…]
EXHIBIT F
ALLOY INNOVATION CENTER
ENVIRONMENTAL QUESTIONNAIRE
[…***…]
EXHIBIT G
FORM OF EXECUTION SNDAA
SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
[…***…]
EXHIBIT H
FORM OF LETTER OF CREDIT
[…***…]
EXHIBIT A
FORM OF TRANSFER REQUEST
[…***…]