Exhibit 10.1

 

FIRST AMENDMENT TO LEASE AGREEMENT

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is made and entered
into as of this 27 day of May, 2020, by and between TC LEGACY PHASE I VENTURE,
LLC, a Delaware limited liability company (“Landlord”), and REATA
PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”).

RECITALS

A.Landlord and Tenant entered into a certain Lease Agreement dated October 15,
2019 (the "Lease").  Unless otherwise defined herein, terms used herein with
initial capital letters shall have the same meanings assigned to such terms in
the Lease.

B. Landlord and Tenant now wish to amend the Lease as described below.

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, Landlord and Tenant hereby amend the Lease as follows:

 

1.

The Improvement Allowance is hereby increased by $5,737,530 to $31,337,530.

 

2.

The guaranteed maximum price payable to the General Contractor under the
Construction Contract for the construction of the Base Building Improvements is
$83,561,648.

 

3.

Tenant acknowledges that the Base Building Improvements will not include the
finish work for the lobby of the Building and that such work shall be performed
as part of the Tenant Improvements and that the allowance for such finish work
which was described in the Design Intent Narrative is no longer applicable.

 

4.

As modified by this Amendment, the Lease remains in full force and effect.

 

5.

This Amendment may be separately executed in any number of counterparts, each of
which will be an original, but all of which, taken together, will be deemed to
constitute one and the same instrument.  Any signature page to any counterpart
may be detached from such counterpart without impairing the legal effect of the
signatures thereon and thereafter attached to another counterpart identical
thereto except having attached to it additional signature pages.  If this
Amendment is transmitted by facsimile machine, electronic mail, or other
electronic transmission, it shall be treated for all purposes as an original
document.  Additionally, the signature of any party on this Amendment
transmitted by way of a facsimile machine, electronic mail, or other electronic
transmission shall be considered for all purposes as an original signature.  Any
such transmitted document shall be considered to have the same binding legal
effect as an original document.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

Joinder of Lender

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EXECUTED AND DELIVERED as of the date and year first above written.

 

LANDLORD:

 

TC LEGACY PHASE I VENTURE, LLC,

a Delaware limited liability company

 

By:      TC Legacy Phase I Member, LLC, a Delaware

limited liability company, its Managing Member

 

By: TCDFW Office Development, Inc., its sole member

 

                    By: /s/ Scott A. Krikorian

Print: Scott A. Krikorian

Title: President and CEO

 

TENANT:

 

REATA PHARMACEUTICALS, INC.,

a Delaware corporation

 

By: /s/ Manmeet S. Soni

Print: Manmeet S. Soni

Its:  Chief Financial Officer