THIRD AMENDMENT TO LEASE AGREEMENT
THIS THIRD AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is made as of the 12th day of March, 2026 (the “Effective Date”) by and between 117 Kendrick DE, LLC, a Delaware limited liability company (“Landlord”), and Verastem, Inc., a Delaware corporation (“Tenant”).
Recitals
Statement of Amendment
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
Period: | Annual Fixed Rent: | Monthly Fixed Rent: | Per RSF: |
July1,2026through September 30, 2026 | $0 | $0 | $0 |
October 1, 2026 through September 30, 2027 | $1,028,970.00 | $85,747.50 | $37.00 |
October 1, 2027 through September 30, 2028 | $1,056,780.00 | $88,065.00 | $38.00 |
October 1, 2028 through September 30, 2029 | $1,084,590.00 | $90,382.50 | $39.00 |
“3. LEASE TERM. The lease term for the Premises (the “Lease Term”) shall commence on April 15, 2014 (the “Lease Commencement Date”) and shall expire on September 30, 2029 (the “Expiration Date”).”
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| (b) | Fixed Rent. Effective as of July 1, 2026, Exhibit “C” to the Lease (Fixed Rent) is |
amended by adding the following additional entries at the end of the chart showing Fixed Rent:
“Period | Payable RSF | Rate Per RSF | Annual Fixed Rent | Monthly Fixed Rent |
Month 98 – Month 100 | 27,810 | $0 | $0 | $0 |
Month – 101 Month 113 | 27,810 | $37.00 | $1,028,970.00 | $85,747.50 |
Month 114- Month 126 | 27,810 | $38.00 | $1,056,780.00 | $88,065.00 |
Month 127 – Month 139 | 27,810 | $39.00 | $1,084,590.00 | $90,382.50” |
““Operating Expense Stop” shall mean an amount equal to the actual Operating Expenses (on a per rentable square foot basis) for the calendar year 2026 (“Operating Expense Base Year”), subject to adjustment under Section 3 below.
“Tax Expense Stop” shall mean an amount equal to the actual Taxes (on a per rentable square foot basis for the fiscal year 2027 (which is from July 1, 2026 through June 30, 2027) (“Tax Expense Base Year”), subject to adjustment under Section 3 below.”
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Landlord and Tenant have executed this Amendment as of the date first set forth above.
117 KENDRICK DE, LLC
By: /s/ Robert A. Schlager Name: Robert A. Schlager
Title:Vice President
VERASTEM, INC.
By: /s/ Dan Calkins Name: Dan Calkins
Title:Chief Financial Officer
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