THIRD AMENDMENT TO LEASE
THIRD AMENDMENT TO LEASE dated as of this Fourth day of August, 2014 by and between BOSTON PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership (Landlord), and PROTEON THERAPEUTICS, INC., a Delaware corporation (Tenant).
By Lease dated July 13, 2009 (as amended by the instruments described below, the Lease), Landlord did lease to Tenant and Tenant did hire and lease from Landlord 4,943 square feet of rentable floor area (the Rentable Floor Area of the Premises) on the first (1st) floor of the building (the Building) known as and numbered 200 West Street, Waltham, Massachusetts (referred to in the Lease as the Premises).
By First Amendment to Lease dated as of September 14, 2012 (the First Amendment), Landlord and Tenant extended the Term of the Lease for one (1) period of six (6) months upon all of the same terms and conditions set forth in the Lease except as set forth in the First Amendment.
By Second Amendment to Lease dated as of October 17, 2013 (the Second Amendment), Landlord and Tenant extended the Term of the Lease for one (1) period of one (1) year upon all of the same terms and conditions set forth in the Lease except as set forth in the First Amendment.
Landlord and Tenant have agreed to (i) extend the Term of the Lease for a period of forty-two (42) months upon the terms and conditions contained in the Lease, except as otherwise set forth in this Third Amendment to Lease (the Third Amendment), (ii) provide Tenant with an option to further extend the Term of the Lease for one (1) additional period of one (1) year and (iii) make certain other modifications to the Lease, as further set forth in this Third Amendment.
Landlord and Tenant are entering into this instrument to set forth said agreements and to amend the Lease.
NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:
1. The Term of the Lease, which but for this Third Amendment is scheduled to expire on December 31, 2014, is hereby extended for one (1) period of forty-two (42) months commencing on January 1, 2015 and expiring on June 30, 2018 (the Third Extended Term),