Exhibit 10.55


 


SECOND
AMENDMENT
TO LEASE


 


This
Second
Amendment
to Lease
(this “Amendment”)
is dated
as of March 3,
2015,
and is
made
by and
between
The Bubble
Real Estate
Company,
LLC,
a California
limited
liability company
(“Lessor”)
and Capricor,
Inc., a
Delaware
corporation
(“Lessee”),
with reference
to the
following
facts and circumstances:


 


A.           Lessor
and Lessee
executed
that certain
Lease Agreement
dated
March
29, 2012
as subsequently
amended
by that certain
First
Amendment
to Lease
dated June
13, 2013
(collectively
the “Lease”),
for
the premises
located
at 8840
Wilshire
Boulevard,
2nd Floor,
Beverly
Hills, California
90211.


 


B.           Lessee
has agreed
to exercise
the Option
to Extend
the Lease
Term
and Lessor
and Lessee
have
agreed
to redefine
the Leased
Premises
as set forth in this
Amendment.


 


NOW,
THEREFORE, for
good and
valuable
consideration,
the receipt
and sufficiency
of which
are hereby acknowledged,
Lessor
and Lessee
agree as
follows:


 


1.           LEASED
PREMISES.
 Article
1 of
the Lease
is hereby
modified
to include
the following
additional
space:


 


i.  Room
#251


ii.  Admin
Bay #270


 


2.           EXERCISE
OF OPTION
TO EXTEND
LEASE
TERM:
  Pursuant
to Article
2.b.2.2
of the
First Amendment
to Lease
dated
as of
June 13,
2013,
Lessee
hereby exercises
its option
to extend
the term
of the
Lease
for an
additional
twelve
(12)
months
 commencing
 July 1,
2015
and ending June 30, 2016.


 


3.           Rent.
 Article
3.1 and
Article
3.2
of the
Lease
as amended
by the First
Amendment
are hereby modified
as follows:


 


3.1
- During
Term:


 


i. 
  Commencing February
2, 2015: Lessee agrees to pay Lessor
as rent for the Premises
the sum
of $17,957 at the beginning of each month.
Such rental amount consists of Lessee’s rent for the Premises including Admin Bay #270. Lessee’s first payment shall include one month’s full rent plus $672,
which amount shall
increase Lessee’s existing security deposit so as to equal $17,957.


 


ii.  
 Commencing March 2, 2015: Lessee agrees to pay Lessor as rent for the Premises
the sum of $21,420 at the beginning
of each
month.  Such rental amount consists
of Lessee’s rent for the Premises including Admin Bay #270 and Room #251. Lessee’s first payment shall include one month’s full rent plus $3,463,
which amount shall
increase Lessee’s existing security deposit so as to equal $21,420.


 




    	 



    	 



    

 


3.2
- During
Extended
Term:
Commencing
July 1,
2015,
Lessee
agrees
to pay
Lessor
as rent
for
the Premises
the sum
of $22,111
at the beginning
of each
month.
Such rental amount consists of Lessee’s rent for all of the Premises including Admin Bay #270 and Room #251. Lessee’s
first payment
shall include
one month’s
full rent
plus $691,
which amount
shall increase
Lessee’s
existing
security
deposit so
as to equal
$22,111.


 


4.           Reaffirmation.
 As modified
hereby,
the Lease
is reaffirmed
and ratified
by the
parties in its entirety.


 


	LESSOR	 	LESSEE
	 	 	 
	The Bubble Real Estate Company, LLC,	 	Capricor, Inc.,
	a California limited liability company	 	a Delaware corporation
	 	 	 	 	 
	By:	/s/ Bill Sheinberg	 	By:	
        /s/ Karen Krasney

        

	 	 	 	 	 
	Name:	Bill Sheinberg	 	Name:	
        Karen Krasney

        

	 	 	 	 	 
	Title:	Member	 	Title:	
        EVP and General Counsel