Exhibit 10.2

 

FOURTH AMENDMENT OF LEASE

 

AGREEMENT (“Fourth Amendment”) made this 29th day of June, 2016 by and between
CIP II/RJK 10-20 BMR Owner, LLC, 55 Cambridge Street, Burlington, Massachusetts
01803 (hereinafter referred to as “Landlord”) and Flexion Therapeutics, Inc.
(hereinafter referred to as  “Tenant”).

 

RECITALS

 

1.Pursuant to that certain Lease dated February 22, 2013 by and between Landlord
and Tenant, as amended by the First Amendment of Lease dated July 13, 2015 (the
“First Amendment), the Second Amendment of Lease dated December 15, 2015 (the
“Second Amendment”) and the Third Amendment of Lease dated May 8, 2016 (the
“Third Amendment”) (the First Amendment, Second Amendment and Third Amendment,
together with the Lease, collectively the “Existing Lease”), Landlord is leasing
to Tenant those certain premises known as 10 Burlington Mall Road, situated in
Burlington, Massachusetts 01803, together with all improvements located thereon,
consisting of 21,874 rentable square feet of area comprised of 11,754 rentable
square feet of area (known as the “Original Premises”), the Phase I Expansion
Space consisting of approximately 4,715 rentable square feet of area, and the
Phase II Expansion Space consisting of approximately 5,405 rentable square feet
of area, all as more particularly described in said Existing Lease (hereinafter
referred to collectively as the “2016 Combined Space”). In addition to the 2016
Combined Space, Landlord is also leasing to Tenant 6,748 rentable square feet of
area (herein referred to as the “Suite 210 Temporary Space”).

 

2.Capitalized terms used herein and not defined herein shall have the meanings
ascribed to such terms in the Existing Lease and the Existing Lease as amended
by this Fourth Amendment is hereby known as the “Lease”.

 

IN CONSIDERATION of the mutual covenants contained herein, the parties hereby
agree as follows:

 

A.Suite 210 Temporary Space

 

Paragraph B(v) of the First Amendment is hereby deleted in its entirety and
replaced with the following:

 

“Tenant shall vacate and surrender the Suite 210 Temporary Space on or before
July 31, 2016, unless Tenant exercises its exclusive right of first refusal to
lease the Suite 210 Temporary Space in accordance with the terms and conditions
set forth on Exhibit E attached to the First Amendment. If Tenant does not
exercise such right, Tenant shall remove all of Tenant’s fixtures, furniture and
equipment from the Suite 210 Temporary Space and otherwise yield up the Suite
210 Temporary Space to Landlord in accordance with the provisions of the Lease
(it being understood, however, that Tenant shall have no obligation to remove
any wiring or improvements made to the Suite 210 Temporary Space). In the event
that Tenant fails to vacate and surrender the Suite 210 Temporary Space as set
forth above on or before July 31, 2016, Landlord hereby reserves all of its
rights and remedies under the Lease for such holdover.”

 

B.Ratification of Lease

 

Except as amended and modified by this Fourth Amendment, all the terms,
provisions, agreements, covenants and conditions of the Existing Lease are
hereby affirmed and ratified. From and

 

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after the date hereof, all references to the Lease or Existing Lease shall mean
the Lease or Existing Lease as amended hereby and to the extent that there any
inconsistencies between this Fourth Amendment and the Existing Lease, this
Fourth Amendment shall control. Landlord and Tenant each hereby ratifies and
confirms its obligations under the Lease, and represents and warrants to the
other that, to its knowledge, it has no defenses thereto. Additionally, Landlord
and Tenant further confirm and ratify that, as of the date hereof, (a) the
Landlord and Tenant are and remain in good standing and the Lease is in full
force and effect, and (b) neither Landlord nor Tenant has any claims,
counterclaims, set-offs or defenses against the other arising out of the Lease
or in any way relating thereto or arising out of any other transaction between
Landlord and Tenant.

 

C.Execution/Entire Agreement

 

This Fourth Amendment, together with the Lease as affected hereby, constitutes
the entire agreement of the parties, and may not be amended except by written
instrument signed by all parties.  This Fourth Amendment shall have the effect
of an agreement under seal and shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns. This Fourth
Amendment may be executed in counterparts all of which taken together shall
constitute an original executed document.

 

 

[Signatures on Following Page]

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The parties hereto have hereunto set their hands and seals the day and year
first above written.

 

LANDLORD:  CIP II/RJK 10-20 BMR OWNER, LLC

 

  /s/ Brandon Kelly

Name:

Brandon Kelly

Title:

President and CEO

 

TENANT:  FLEXION THERAPEUTICS, INC.

 

  /s/ Michael D. Clayman

Name:

Michael D. Clayman, M.D.

Title:

President and Chief Executive Officer

 

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