Exhibit 10.2





 


 Page 1 ( 5 ) No.: 101940-2182-04 TENANCY AGREEMENT FOR NON-RESIDENTIAL PREMISES The undersigned parties have concluded the following Tenancy Agreement on this date. A cross in a box means that the accompanying text applies Terminalen 3 termination/ inadequacies and alterations agreed upon, is set out in the attached inspection and action record. of premises the rent or the Landlord to a greater rent, respectively. f or car(s) automatic operation by the Landlord. provided by the Landlord f or the operation. f ollowing a written direction to do so, the Landlord is entitled to f ulf il the obligation at the expense of the Tenant. communal telephony and points in the premises chosen by the Tenant in consultation with the Landlord. Swedish Prop erty Federation standard form no. 12B.3, drawn u p in 2018 in consu ltation with the Swedish Association of Pu blic Hou sing Comp anies (SABO), the Swedish Trade Federation and V isita. All rig hts reserved. S ign S ign 1. Landlord N ame: Vasaterminalen AB Personal/corporate identity (ID) no.: [***] 2. Tenant N ame: Calliditas Therapeutics AB Personal/corporate identity (ID) no.: 556659-9766 N otif ication address: Wallingatan 26 B, 1tr, 111 24 Stockholm 3. Address of premises, etc. Municipality: Stockholm Property designation: Street: Klarabergsviadukten 70 Stairs/building: Premises no.: 4. Use of premises The premises and appurtenant areas are let to be used as Office The purpose of the use has been specif ied in more detail in the attached specif ication. Appendix: 5. Term of tenancy F rom and including: 2019-05-15 Up to and including: 2022-05-31 6. Notice of Extension of term N otice of termination of this Agreement shall be given in writing at least9 months bef ore the contracted expiry of the term of the tenancy. Otherwise the Agreement is extended f or3 yearsmonths at a time 7. Condition of premises The premises are let as f ound. A description of the condition of the premises at the time of the signing of this Agreement together with details of who, on the date of taking possession, should where necessary have arranged and paid f or both rectif ication of Appendix: 8. Size and extent Type of area Office Level C8 approx m 2 426 Type of area Level approx m 2 If the area specif ied in the Agreement deviates f rom the actual area, the deviation does not entitle the Tenant to a repayment or reduction of X The extent of the premises let has been marked on the attached drawing(s). Appendix: 1 Entrance f or cars f or loading and unloading Place f or sign Place f or show-cases / machines Parking space(s) f orcar(s) Garage space(s) 9. Equipment The premises are let X without any equipment specially intended f orwith equipment specially intended f or the operation, the operationaccording to Appendix Appendix: 10. Maintenance P ublic and areas The Landlord shall conduct and pay f or the necessary maintenance of the premises and of the equipment specially provided f or the The Tenant shall conduct and pay f or necessary maintenance of f loor, wall and ceiling surf ace layers, together with equipment specially X Other demarcation of the maintenance responsibility; see Appendix Appendix: 4,6 If the Tenant neglects its maintenance obligation according to the above and does not implement rectif ication within a reasonable time The Landlord is responsible f or maintenance of the public and communal areas unless otherwise agreed between the Parties. Other agreement according to Appendix Appendix: 11. Cables for data communications The LandlordThe Tenant shall pay f or necessary laying of telephony and data communication cables f rom the connection point specif ied by the operator to the Other demarcation of responsibilities f or telephony and data communications; see Appendix. Appendix: X X 



 




     


     


    

 


 Page 2 ( 5 ) No.: 101940-2182-04 TENANCY AGREEMENT FOR NON-RESIDENTIAL PREMISES The undersigned parties have concluded the following Tenancy Agreement on this date. A cross in a box means that the accompanying text applies the Landlord does not have good grounds f or ref using and that the Tenant has obtained the necessary permits f rom the relevant authorities. f açade of the building to an acceptable condition upon vacation of the premises. the building in the event of more extensive property maintenance, such as renovation of the f açade. of the Tenant and also grants to the Tenant the option right to mount vending machines and show-cases on the walls in question. X Clause. Appendix: Appendix: out and paid f or by it is an obligation of the Tenant to place the waste in the designated container at the designated place and also, without compensation, to premises conclude and keep in f orce a contract with a waste collection contractor f or this of f -site transf er. supplement to the rent, pay compensation to the Landlord f or the Tenant’s share of the cost of this of f -site transf er. The premises’ share of The cost f or the of f -site transf er of waste originating f rom the operation the Tenant conducts in the premises is included in the rent. and gritting Swedish Prop erty Federation standard form no. 12B.3, drawn u p in 2018 in consu ltation with the Swedish Association of Pu blic Hou sing Comp anies (SABO), the Swedish Trade Federation and V isita. All rig hts reserved. S ign S ign 12. Signs, awnings, etc. The Tenant is entitled to erect customary signs f or the operation f ollowing consultation with the Landlord, subject to the precondition that Other equipment, such as awnings and aerials, may not be erected without the permission of the Landlord. The Tenant shall reinstate the The Tenant shall, at its own expense and without compensation, remove and ref it signs and other equipment that the Tenant has erected on The Landlord undertakes not to mount vending machines and show-cases on outer walls of the premises let to the Tenant without the consent The Tenant undertakes to comply with the attached Sign Programme. Appendix: 13. Rent SEK2 769 000 per year excluding the supplements marked below. 14. Index X The above-mentioned rent is adjusted in accordance with the attached Index Clause. Appendix:2 15. P roperty tax Property tax shall be paid in accordance with attached Property Tax Property tax is included in the rent. Appendix:3 16. Operating costs The Landlord provides/arranges electricitywater and sewerageheatinghot watercoolingventilation Payment: ElectricityThe Tenant has ownThe Tenant pays in accordance with attachedIncluded in the subscription.Operating Costs Clause.rent. W ater andThe Tennant has ownThe Tenant pays in accordance with attachedIncluded in the seweragesubscription.Operating Costs Clause.rent. HeatingThe Tenant has ownThe Tenant pays in accordance with attachedIncluded in the subscription.Operating Costs Clause.rent. Hot waterThe Tenant has ownThe Tenant pays in accordance with attachedIncluded in the subscription.Operating Costs Clause.rent. CoolingThe Tenant has ownThe Tenant pays in accordance with attachedIncluded in the subscription.Operating Costs Clause.rent. VentilationThe Tenant pays in accordance with attachedIncluded in the Operating Costs Clause.rent. Appendix:4 Appendix:4 Appendix:5 5 5 Appendix:5 17. Meter If the Tenant is to have its own subscription according to the above and there is no meter, the installation of necessary meters shall be carried the Landlordthe Tenant 18. Waste collection To the extent that it is the obligation of the Landlord to f irst provide space f or storage of waste and second arrange of f -site transf er of waste, participate in such additional sorting-at-source as the Landlord may decide. F urthermore, the f ollowing applies:: The Tenant shall be responsible f or and pay f or of f -site transf er of waste originating f rom the operation the Tenant conducts in the (however, it is the obligation of the Landlord to provide waste containers and necessary space f or waste) . The Tenant undertakes to The Landlord shall coordinate the of f -site transf er of waste f or the operations of several tenants at the property. The Tenant shall, as a this cost shall be deemed to beper cent. The rent supplement at the time this Agreement is signed amounts to SEK per year. X Other regulation according to Appendix Appendix:4 19. Snow clearance Included in the rent arranged and paid f or by the Tenant other regulation according to Appendix Appendix: X X X X X X X X X X X X 



 




     


     


    

 


 Page 3 ( 5 ) No.: 101940-2182-04 TENANCY AGREEMENT FOR NON-RESIDENTIAL PREMISES The undersigned parties have concluded the following Tenancy Agreement on this date. A cross in a box means that the accompanying text applies a) the introduction of or increase in taxes, charges or levies payable that are particular to the property about which the R iksdag (Swedish b) general rebuilding measures or the like at the property that do not only relate to the premises and which the Landlord is obligated to the Tenant, with ef f ect f rom the date at which the increase in costs arose, shall pay compensation to the Landlord f or the share attributable to and residential apartments at the property (excl. any VAT) at the time of the increase in the costs. In the event that there are business premises means such costs that, at the time the Agreement is entered into, have not been decided by the bodies ref erred to under a) and b). tax (VAT) The Tenant shall not conduct operations at the premises f or which there is a VAT liability. applicable f rom time to time. the rent, pay the VAT applicable f rom time to time. the rental amount stated together with any supplements and other compensation payable under the Tenancy Agreement. own company), or assignment – becomes liable f or adjusted VAT in accordance with the provisions of the Value-Added Tax Act, the Tenant through the Landlord losing the tax deduction rights f or input VAT on operating costs owing to the Tenant’s action. bef ore the commencement of charges f or written payment reminders in accordance with the legislation on debt collection charges, etc. reminders rent agreed condition or other work that is specif ically stated in this Agreement and associated appendices. maintenance of the premises or the property in general is allowed according to the rules contained in the Tenancy Act. customary maintenance of the premises or the property in general. However, it is an obligation of the Landlord to notif y the Tenant in appendix. carried out in such a way that meets the environmental legislation and other regulations f or the environment in f orce at any given time. The the provisions contained in Chapter 12, Section 61 of the Swedish Land Code. and inadequacies in an installation belonging to the Tenant, the Tenant shall implement measures requested at its own expense and within the Tenant if the Tenant does not remedy f aults and inadequacies within the said period. power company, water and sewerage company, telecom company or corresponding must have access f or care and operation of the property consequence thereof obliged to pay a building sanction penalty or def ault f ine under the rules of the Planning and B uilding Act, the Tenant Swedish Prop erty Federation standard form no. 12B.3, drawn u p in 2018 in consu ltation with the Swedish Association of Pu blic Hou sing Comp anies (SABO), the Swedish Trade Federation and V isita. All rig hts reserved. S ign S ign 20. Unforeseen costs If unf oreseen increases in costs arise f or the property f ollowing the signing of the Agreement as a result of : Parliament), Swedish Government, municipal authority or other relevant authority may decide, or perf orm as a consequence of a decision by the R iksdag, Swedish Government, municipal authority or other relevant authority, the premises of the total annual increase in costs f or the property. The share of the premises shall during the term of the tenancy be deemed to be0,92 per cent. If the share has not been specif ied, this shall comprise the Tenant’s rent (excl. any VAT) in relation to the rent payable f or the business premises and residential apartments at the property that are not let, an estimated market rent and utility value rent respectively are to be used. Tax as ref erred to in a) above does not mean VAT and property tax to the extent that compensation f or this is to be paid. ‘Unf oreseen costs’ Compensation is paid in accordance with the rules stipulated below concerning payment of the rent. 21. Value added The Tenant’s VAT liability The Landlord’s VAT liability X The Tenant shall conduct operations at the premises f or which there is a VAT liability. X The Property Owner/Landlord is liable f or to pay the VAT f or the letting of the premises. In addition to rent, the Tenant shall pay the VAT If the Property Owner/Landlord chooses to become liable to pay the VAT f or the letting of the premises, the Tenant shall, in addition to VAT, which shall be paid at the same time as the rent, will be computed, in accordance with the rules applicable at any given time f or VAT, on If the Landlord, as a consequence of the Tenant’s independent action – such as subletting of all or part of the premises (including subletting to shall f ully compensate the Landlord f or its lost tax deduction rights. The Tenant shall also pay compensation f or the increase in cost that arises 22. P ayment of the rent R ent is to be paid without demand in advance no later than the last weekday each calendar montheach calendar quarter by deposit into PlusGiro no: B ankGiro no: 23. Interest, payment In the event that the payment of the rent is delayed, the Tenant shall pay both interest in accordance with the Swedish Interest Act and also 24. Reduction of Agreed condition, etc. Customary maintenance The Tenant is not entitled to rent reduction f or a period when the Landlord allows work to be perf ormed in order to put the premises in the A rent reduction f or impediments or detriment to the right of use resulting f rom the Landlord allowing the perf ormance of customary The Tenant is not entitled to a rent reduction f or impediments or detriment to the right of use resulting f rom the Landlord allowing good time of the nature and scope of the work and also when and the period during which the work will be perf ormed. The parties are agreed that the right to a rent reduction, when the Landlord allows the perf ormance of customary maintenance of the premises or the property in general, shall be regulated in accordance with a separate Appendix: 25. Impact on environment Prior to taking possession, the Tenant shall obtain the requisite permits f or the operation f or which the premises are let. The business shall be Tenant’s liability f or environmental impact applies even af ter the expiration of the agreement and is not subject to any time bars according to F or f urther provisions concerning environmentally hazardous businesses, see the attached Environment Clause. The parties have concluded an agreement to reduce the environmental impact of the property and premises; see Green Appendix. Appendix: Appendix: 26. Re-inspections If it is f ound upon a re-inspection required by a public authority of installations such as electrical and sprinkler equipment that there are f aults time prescribed by the authority. The Landlord is entitled to implement such measures as prescribed by the authority at the expense of the 27. Access to certain areas The Tenant is responsible f or access to such areas to which the Landlord or someone who represents the Landlord or to which staf f f rom a not being impeded by conditions attributable to the Tenant’s operation. 28. P lanning and Building Act penalties If the Tenant makes changes to the premises without the necessary building permit, other permit or permission, and the Landlord is as a shall pay the corresponding amount to the Landlord. 



 




     


     


    

 


 Page 4 ( 5 ) No.: 101940-2182-04 TENANCY AGREEMENT FOR NON-RESIDENTIAL PREMISES The undersigned parties have concluded the following Tenancy Agreement on this date. A cross in a box means that the accompanying text applies insurance company, pursuant to currently applicable or f uture legislation or agreement, f rom and including the date Landlord bef ore measures are implemented. of the Landlord. operation or incorporates into the premises, even if such property is to be regarded as property or building f ixtures or f ittings. Landlord, af f ord the Landlord access to the premises during the rebuilding period. The Tenant is responsible f or the Tenant’s works on the compensate the Landlord to a reasonable extent if a claim is made against the Landlord to reduce the rent as a result of impediments to or these drawings shall be borne by the party who called f or the alteration. work, building products declarations – to the extent that such have been prepared – f or the products and material that will be incorporated the taking of possession. The Tenant is liable to take out and keep in f orce f or its own operation business insurance, including cover f or property damage, business is liable f or damage owing to malicious damage to windows, display windows, signs, entrance and other doors or gates belonging to the shall equip the premises with such locks and anti-thef t equipment as is required f or the Tenant’s business insurance. condition no later than upon the cessation of the tenancy relationship. the premises they contain material attributable to the action of the Tenant – whether taken with or without the consent of the Landlord – f or Landlord f or its costs f or removal, such as any waste disposal tax, transport and charges f or disposal or the like. cannot be perf ormed at all, or can only be perf ormed at an abnormally high cost, as a result of war or civil commotion, or as a result of such personal data Swedish Prop erty Federation standard form no. 12B.3, drawn u p in 2018 in consu ltation with the Swedish Association of Pu blic Hou sing Comp anies (SABO), the Swedish Trade Federation and V isita. All rig hts reserved. S ign S ign 29. Fire protection X The parties’ obligations in relation to each other in respect of f ire protection are regulated by the attached F ire Protection Clause. Appendix:7 30. Official requirements, etc. The Landlordshall, at its own risk and its own expense, assume responsibility f or the measures that a public authority, court or X The Tenantof taking possession, may require f or the use of the premises f or the intended purpose. The Tenant shall consult the 31. Rebuilding and alteration work Building products declarations The Tenant may not carry out rebuilding or alteration work within the premises or in the property otherwise without the written permission Unless otherwise indicated by the Landlord’s written permission, the Tenant shall assume responsibility f or everything that it acquires f or its The Tenant shall af f ord the Landlord insight into the rebuilding project, invite the Landlord to site meetings and, upon a request by the premises not damaging the building or disturbing the operations being conducted by other tenants in the building and is obliged to inf ringements of another party’s rights of use. N ew plans shall be drawn up if the parties agree on and implement the rebuilding or redeployment of the premises. The cost of preparing Other agreement according to appendix. Appendix: If the Tenant perf orms works in respect of the premises, the Tenant shall present to the Landlord, in good time prior to the execution of such into the premises. 32. Security The Tenant shall no later thanprovide security to the Landlord f or its obligations under this Agreement through a guarantee issued bya bank guarantee up to an amount ofother security in the f orm of Appendix:4 This Agreement lapses if the agreed security is not provided by no later than the time stipulated, provided the Landlord so demands prior to 33. Insurance The Landlord is obliged to take out and keep in f orce customary property insurance f or the property within which the premises let are located. interruption and public liability. Other agreement f or insurance; see Appendix Appendix: 34. External malicious damage The LandlordThe Tenant premises that lead to or f rom the premises. This responsibility also applies to f rames, casements and architraves in all cases. 35. Locking equipment The LandlordThe Tenant 36. Reinstatement upon vacation of the premises Unless otherwise agreed, the Tenant shall have removed the property belonging to it and have reinstated the premises to an acceptable Other agreement concerning removal and reinstatement in accordance with Appendix Appendix: The parties agree to jointly conduct an inspection of the premises no later than the last day of the tenancy relationship. If upon the vacation of which it has not been specially agreed that the Landlord should be responsible, the Tenant shall remove such material or compensate the 37. Force majeure The Landlord exempts itself f rom liability to f ulf il its part of the Agreement and f rom liability to pay damages if the Landlord’s obligations strike, blockade, f ire, explosion or intervention by a public authority that the Landlord could neither control nor f oresee. 38. P rocessing of X Inf ormation f or the Tenant about the processing of personal data; see Appendix Appendix:10 X X 



 




     


     


    

 


 Page 5 ( 5 ) No.: 101940-2182-04 TENANCY AGREEMENT FOR NON-RESIDENTIAL PREMISES The undersigned parties have concluded the following Tenancy Agreement on this date. A cross in a box means that the accompanying text applies parties has received its part. Previous agreements between the parties relating to these premises cease to apply immediately as of the entry signatory according to Swedish Prop erty Federation standard form no. 12B.3, drawn u p in 2018 in consu ltation with the Swedish Association of Pu blic Hou sing Comp anies (SABO), the Swedish Trade Federation and V isita. All rig hts reserved. 39. Special provisions Appendix 1: Drawing Appendix 8: fire protection clause appendix Appendix: Appendix 2: Index clause Appendix 9: Technical description Appendix: Appendix 3: Property tax clause Appendix 10: Personal data clause Appendix: Appendix 4: Special provisions Appendix 11: Safety Appendix: Appendix 5: Operating cost clause Appendix 12: Room descrition (attached at Appendix: Appendix 6: Demarcation list a later stage) Appendix: Appendix 7: Fire protection clause Appendix: 40. Signatures This Agreement, which may not be registered without special consent, has been prepared as two identical counterparts, of which each the into f orce of this Agreement. Place/date: Stockholm 20/3 2019 Place/date: Stockholm 1/3 2019 N ame of the Landlord: Vasaterminalen AB N ame of the Tenant: Signature (authorised signatory/representative): Authorised signatory X R epresentative according to power of attorney Signature (authorised signatory/representative): Authorised R epresentative power of attorney N ame in block letters: Danor Ghersinich N ame in block letters: Bengt Julander Lennart Hansson 



 




     


     


    

 


 INDEX CLAUSE FO R NO N-RES IDENTIA L PREM IS ES Pag e 1 (2) 2 Appendix no: f ixed rental supplement is payable during the term of the lease at a certain percentage of the base rent in accordance with the grounds set out level f or October in the preceding year. index level f or October in the same period. above, constitues the base f igure unless otherwise agreed by designating a year as per the f ollowing. Alternative agreed base rate with which the index has changed in relation to the base f igure. Thencef orth, the supplement shall be payable in relation to the f igure and the index level f or the October, in question. signatory Landlord’s notes on base f igure: 330,72 The Swedish P roperty Federation form no. 6F prepared 2008 in consultation with The Swedish Association of P ublic Housing Companies, The Swedish Trade Federation and The Swedish Hotel and Restaurant Association. Copying prohibited. Concerning Lease agreement no.: 101940-2182-04 Property designation: Terminalen 3 Landlord N ame: Vasaterminalen AB Personal ID/Comp. R eg. N o.: [***] Tenant N ame: Calliditas Therapeutics AB Personal ID/Comp. R eg. N o.: 556659-9766 Clause The base rent under this clause is made up of 100% % of the rental amount stated in the agreement, i.e. SEK 2 769 000 . 100% % of the f ixed rental supplements which has been stated in a running costs clause attached to the agreement (see appendix 5 ), i.e. SEK 63 900 . Total base rent SEK2 832 900 per year. Taking into consideration changes in the consumer price index (total index with 1980 as base year), a supplement to the rental amount and the in the f ollowing: – F or lease agreements which start some time during the period 1/1-30/6, the base rent is deemed to be adjusted to the index – F or lease agreements which start some time during the period 1/7-31/12 the base rent is instead deemed to be adjusted to the – The index level f or the month of October to which the base rent is deemed to be adjusted in accordance with the f igure: the index level f or October 2018 . If the index level in any subsequent October has risen in relation to the base f igure, the supplement shall be payable at the percentage changes in the index, whereupon the changes in the rent shall be calculated on the basis of the percentage change between the base The rent payable shall, however, never be set lower than the rent stated in the agreement and f ixed rental supplement as stated above. Changes to the rent are always ef f ected f rom and including 1 January af ter the October index which gave rise to the recalculation. The instructions set f orth on page 2 shall apply to the index clause. Signatures Place/date: Stockholm 20/3 2019 Place/date: Stockholm 1/3 2019 N ame of the landlord: Vasaterminalen AB N ame of the tenant: Calliditas Therapeutics AB Signature (company signatory/by proxy): Company signatory Signature (company signatory/by proxy): Company X B y proxy B y proxy Printed name: Danor Ghersinich Printed name: Bengt Julander Lennart Hansson X X 



 




     


     


    

 


 INDEX CLAUSE FO R NO N-RES IDENTIA L PREM IS ES Pag e 2 (2) 2 Appendix no: Instructions for indexing of rent for non-residential premises Base rent W hether or not all, or a certain part, of the rent stated in the agreement and the f ixed rental supplements are to constitute the basic rent is a matter of negotiation and can depend on the terms of the lease otherwise (such as the amount of rent payable and what other obligations are incumbent upon the tenant). Base figure The index level f or the month of October to which the base rent is deemed to be adjusted constitutes the base f igure provided nothing else is stated by way of a statement of a year (see the provisions on page 1). Comparison between the index levels shall take place a soon as the index f or October becomes known. During recent years, the October index has become known in the middle of N ovember. Calculation of index supplement 1) Calculate the dif f erence between the relevant October index and the base f igure. 2) If the dif f erence is positive, divide the calculated dif f erence by the base f igure. 3) The size of the supplement is calculated by multiplying this quotient by the base rent. Example Calculation of index supplement f or 2008 The base rent is assumed to be SEK 100 000/year and is adjusted to the consumer price index (CPI) f or October 2005, which is 282.4 (base f igure). The October index f or 2007 is 293.85. 1. Calculate the dif f erence between the index 293.85 and 282.4 The dif f erence is positive and amounts to 11.45. 2. Divide 11.45 by 282.4 and multiply the quotient (without rounding of f ) by the base rent of SEK 100 000. The result is SEK 4 054.53 and constitutes the index supplement f or 2008 in accordance with the clause. Alternative: If the CPI f or October 2007 had instead been lower than the base f igure 282.4 e.g. 282.0, the dif f erence between 282.0 and the base level 282.4 would have been negative. N o index supplement would then be payable. The rent stated in the lease agreement and the f ixed rental supplements would apply. 



 




     


     


    

 


 PROPERTY TAX CLAUSE FO R NO N-RES IDENTIA L PREM IS ES Pag e 1 (2) 3 Appendix no.: An X in a box means the text following thereafter ap p lies. shall with the rent reimburse the landlord according to the conditions as indicated below. property tax due in respect of the non-residential premises. The tenant ́s share is deemed to be per cent. 0,93 the rental period is SEK a year. 187 656 that take ef f ect af ter the inception of the Lease Agreement (irrespective of the cause) to the extent that the tax exceeds that amount that is in the rent specif ied in the Lease Agreement, the rent shall nevertheless be payable at not less than the original amount. Thus due that shown in the Lease Agreement. signatory Swedish P roperty Federation. Form no. 7B, prepared in 1995. Item 2 in the Instructions was revised in 1997. Copying prohibited. Notice: This is a translation into English of form no. 7B Concerning Lease agreement no: 101940-2182-04 Property designation: Terminalen 3 Landlord N ame: Vasaterminalen AB Personal ID/Comp. R eg. no.: [***] Tenant N ame: Calliditas Therapeutics AB Personal ID/Comp. R eg. no.: 556659-9766 Clause The ap p licable alternative is indicated by p u tting an X in the relevant box and comp leting the req u isite details. To the extent that the parts of the property that are comprised of non-residential premises are or become subject to property tax, the tenant The tenant shall in addition to the rent specif ied in the Lease Agreement annually reimburse the landlord f or his share of According to the conditions that apply at the inception of the Lease Agreement the reimbursement at the inception of R eimbursement in respect of the current share of property tax f or the non-residential premises is included in the rent specif ied in the Lease Agreement and at it’s inception it is SEK. The non-residential premises share of the property tax applying to non-residential premises is deemed to beprocent. The tenant shall provide reimbursement f or his share of any changes in the applicable property tax in respect of non-residential premises included in the rent as reimbursement f or property tax. Should the property tax reduce/cease so that tenant’s share of the reimbursement is less than that as per above, which is included to other clauses (e.g. index) contained in the agreement this means that the total rent payable by the tenant is/can be greater than The tenant’s above specif ied share, which shall be unchanged during the term of the Lease Agreement, has been calculated as f ollows: Office area / total lease designated area less storage and garage area The instructions in page 2 are applicable to the agreement. Signature Place/Date: Stockholm 20/3 2019 Place/Date: Stockholm 1/3 2019 N ame of the landlord: Vasaterminalen AB N ame of the tenant: Calliditas Therapeutics AB Signature ( company signatory/by proxy): Company signatory B y proxy Signature ( company signatory/by proxy): Company B y proxy Printed N ame: Danor Ghersinich Printed N ame: Bengt Julander Lennart Hansson X X 



 




     


     


    

 


 PROPERTY TAX CLAUSE FO R NO N-RES IDENTIA L PREM IS ES Sid 2 (2) 3 Appendix no.: Instructions - Property tax clause for non-residential premises 1. The clause was f ormulated in June 1995, i.e. bef ore the time (normally the 1st of January 1996) f rom which property tax f or premises applies. Theref ore the clause has a wording which means that it can be incorporated in agreements that have been made bef ore the tax is payable, as well as in agreements where the tax is actually payable. 2. The reimbursement shall compensate f or the increased costs of administration irrespective of who is liable f or the tax. A property owner/landlord is liable f or tax. According to previous regulations if the property owner/landlord was a trading partnership the owners/shareholders were liable f or tax. The supplement was nevertheless to be paid to the Landlord as a matter of course. Af ter the 1st of January 1997 trading partnerships as such (and not the individual owners/shareholders) are liable f or property tax. 3. According to section 19 of the R ent Act the rent must – with some exceptions – be determined in the Lease Agreement. If the rental period is f ixed, and is f or at least three years, certain additional exceptions apply in that the rent shall be payable with such sums which are determined according to "dif f erent method of calculation" e.g. indexation. This also means that the rental period has to be f ixed and be at least three years to enable the Landlord to obtain reimbursement f or property tax in sums that can vary as the tax changes. F urthermore the method of calculation must be shown in the Lease Agreement. The clause theref ore presumes that the parties state what share of the tax the tenant shall provide reimbursement f or. According to the regulations that apply when this clause is f ormulated the tax is comprised of a certain percentage of the assessed value of the premises (both grounds and buildings). This inf ormation is to be f ound in the tax statement. The tenant’s share of the tax f or the premises can be determined by the relationship which the extent of that area leased by the tenant bears to the total lettable premises in the property or as a relationship between the tenant’s rent and the total of the rents f or premises in the property. It is a matter f or negotiation which method of calculation the parties choose. Other methods of calculation can be used. F or the sake of simplicity, however, the tenant’s share should be unchanged during the rental period, and thereby independent of among other things, how the tax in the f uture might be calculated and possible changes in the rental market. It is theref ore appropriate to show in the designated space how the premises share has been calculated. Should details in respect of this not be completed this does not mean that the agreement becomes invalid. A property can comprise of a variety of dif f erent buildings with dif f erent value years and dif f erent taxation categories (small dwelling houses, apartment blocks, industrial units and special units). The tax – that the tenant is due to pay reimbursement f or – shall only relate to the building in which the premises are located. A building is normally def ined as a f ree standing self -contained building. R elevant inf ormation can be ascertained f rom inf ormation regarding decisions ref erring to general property taxation that the tax authorities have advised the property owner. Any property owner who has a problem in ascertaining the tenant’s share should contact their property owners association f or assistance. Com p lete the tena nt ́s sha r e! 4. The clause contains two alternatives. In the f irst the reimbursement f or the tax is payable as a supplement "alongside" the rent agreed in the Lease Agreement. If the tax disappears so does the supplement. The other alternative presumes that the parties agree a specif ic rent which includes, among other things, reimbursement f or the then applicable tax. Should the tax be increased irrespective of the cause (f or example increase in tax rates, increased assessed value etc) the tenant shall nevertheless tender reimbursement f or the increased cost. Should the tax disappear the rent reverts to the original sum, i.e. the agreed rent (which includes reimbursement f or the tax applicable at inception which has been discontinued). N aturally the tenant shall continue to pay other supplements such as those caused by changes in indexes and in respect of increased f uel costs and so f orth. 5. To the extent that the tenant pays a supplement in respect of property tax the supplement should be accounted f or separately on the rent invoice. 6. Indicate the chosen alternative with an X. In the chosen alternative the tenant’s share and the sum should be f illed in. Specif y how the tenant’s share has been calculated.