Document:

EX-10.15

 Exhibit 10.15 
 FIRST AMENDMENT TO LEASE AGREEMENT 
 This First Amendment to Lease
Agreement (this “Amendment”) is entered into as of November 5, 2012 (the “Effective Date”) by and between 13785 RESEARCH BLVD, LLC, a Texas limited liability company (the
“Landlord”), as landlord, and LDR SPINE USA, INC., a Delaware corporation (the “Tenant”), as tenant, with reference to the following facts: 

RECITALS 
 WHEREAS, Landlord and Tenant are parties to that certain Lease Agreement dated August 10, 2011, (the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant
space containing approximately 45,538 rentable square feet (the “Original Premises”) described as Suite Nos. 175 & 200 on the first (1st) and second (2nd) floors of the building located at 13785 Research Boulevard, Austin (Williamson County), Texas 78750 and commonly
known as Aspen Lake Office Building (the “Building”). 
 WHEREAS, Landlord
and Tenant desire to provide for the expansion of the Original Premises into additional space on the first
(1st) and second (2nd) floors of the Building, and to further amend the Lease as set
forth below, on the terms and conditions set forth below. 
 NOW, THEREFORE, in consideration of the foregoing, and of the
mutual covenants set forth herein and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 AGREEMENTS 
 1. Defined Terms and References. The recitals set forth
above are herein incorporated by reference and agreed to by Landlord and Tenant. All capitalized terms used herein that are not defined herein but are defined in the Lease shall have the same meanings herein as in the Lease. 

2. Lease of Additional Premises. 
 (a) Subject to the terms of the Lease, Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Additional Premises (as defined below). 

(b) The Term with respect to the Additional Premises shall commence (the “Additional Premises Commencement
Date” or “APCD”) on April 1, 2013 and continue through November 30, 2019. Effective as of the APCD, the term “Premises” is hereby revised to include the Additional Premises for all
purposes set forth in the Lease, except as expressly provided in this Amendment. 
 (c)
“Additional Premises” shall mean those certain premises shown on the drawings attached hereto as Exhibit A and made a part hereof, located on the first (1st) and second (2nd) floors of the Building. The Additional Premises contain 21,869
rentable square feet. 

  

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 3. Base Rental for the Additional Premises. 

(a) In addition to the Base Rent payable for the Original Premises, Base Rent under the Lease for the Additional Premises
shall be as follows: 
  

													
	 Time period
	  	Rate per
Square Foot
of Rentable
Area	 	  	Annual Base Rent	 	  	Monthly Installment	 
	 APCD-November 30, 2013
	  	$	18.00	  	  	$	393,642.00	  	  	$	32,803.50	  
	 December 1, 2013 through November 30, 2014
	  	$	18.50	  	  	$	404,576.50	  	  	$	33,714.71	  
	 December 1, 2014 through November 30, 2015
	  	$	19.00	  	  	$	415,511.00	  	  	$	34,625.92	  
	 December 1, 2015 through November 30, 2016
	  	$	19.50	  	  	$	426,445.50	  	  	$	35,537.13	  
	 December 1, 2016 through November 30, 2017
	  	$	20.00	  	  	$	437,380.00	  	  	$	36,448.33	  
	 December 1, 2017 through November 30, 2018
	  	$	20.50	  	  	$	448,314.50	  	  	$	37,359.54	  
	 December 1, 2018 through November 30, 2019
	  	$	21.00	  	  	$	459,249.00	  	  	$	38,270.75	  

 (b) Notwithstanding anything in the above schedule to the contrary, provided there is no
Event of Default by Tenant under the terms of the Lease, monthly Base Rent (i.e., $32,803.50 for the first 8 months and $33,714.71 for the next 5 months) and Additional Rent (i.e. Tenant’s Proportionate Share of Operating Expenses) for the
Additional Premises shall be abated for the first thirteen (13) months of the Term (the “Additional Premises Rent Abatement Period”); provided, however, all other payments required to be paid by Tenant to Landlord
pursuant to the Lease shall remain due and 

  

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payable during the Additional Premises Rent Abatement Period. If an Event of Default occurs at any time during the Initial Term and has not been cured by Tenant within thirty (30) days
following the Event of Default, Tenant shall be required to remit to Landlord the pro rata share of all abated payments of Base Rent and Additional Rent based upon the time at which the Event of Default occurred relative to the remainder of the
Term. 
 4. Tenant’s Pro Rata Share. Effective as of the APCD, Tenant’s Proportionate Share as set forth
in the Lease shall be 32.8701% for all purposes under the Lease. 
 5. Parking. Landlord shall make available to
Tenant the same ratio (e.g. 4.0 permits per 1,000 square feet of Rentable Area) of Parking Permits for the Additional Premises as Landlord has made available to Tenant for the Original Premises as set forth and upon the same terms and conditions
contained in Exhibit I to the Lease. Five (5) of such spaces allocated to the Additional Premises shall be assigned covered parking spaces in a location as specified in the attached Exhibit B. 

6. Termination Option. The Termination Right described in Section 2 of Exhibit J to the Lease is hereby
deleted in its entirety and of no further force and effect. 
 7. Tenant Improvements; Allowances. 

(a) Tenant Improvements. Tenant shall construct leasehold improvements and tenant finish (“Tenant
Work”) to the Additional Premises in accordance with, and subject to, the terms and conditions of the Work Letter attached to the Lease as Exhibit D, except all references therein to the Premises shall be deemed
references to the Additional Premises and the amount of the Allowance shall be as set forth below. 
 (b)
Allowance. Landlord shall make available to Tenant an allowance of Nine Hundred Twenty Thousand Seven Hundred Forty-five and 0/100 Dollars ($920,745.00) (the “Allowance”) to be used solely to reimburse Tenant
for the cost of Tenant’s Work. The allowance shall be disbursed in accordance with Exhibit D attached to the Lease. Any unused portion of the Allowance remaining as of April 30, 2014 shall inure solely to the benefit of
Landlord, and Tenant shall have no rights to any credit, offset, abatement or payment with respect thereto. 

(c) Tenant Representative. The Tenant Representative set forth in Exhibit D attached to the Lease
shall be changed to: 
 LDR Spine USA, Inc. 

13785 Research Blvd.—Suite 200 

Austin, Texas 78750 
 James Burrows 
 512-344-3307 (P) 

512-344-3350 (F) 

  

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 8. Security Deposit. Effective December 1, 2012, the amount of letter of
credit Security Deposit required under Section 2.4 of the Lease shall be increased to $1,180,148.45. As long as no Event of Default shall have occurred and be continuing, the amount of Security Deposit required under the Lease shall be reduced
as follows (with the following schedule replacing the schedule set forth in Section 2.4 to the Lease: 
  

					
	 Reduction Date
	  	Required Amount of
Security 
Deposit after
such Reduction Date	 
	 04/30/2013
	  	$	1,032,629.89	  
	 12/31/2013
	  	$	885,111.34	  
	 12/31/2014
	  	$	737,592.78	  
	 12/31/2015
	  	$	590,074.22	  
	 12/31/2016
	  	$	442,555.67	  
	 12/31/2017
	  	$	295,037.11	  
	 12/31/2018
	  	$	147,518.56	  

 9. Exterior Signage. Tenant has exercised its rights described in Section 5.5(d) of
the Lease. Accordingly, as set forth in Section 5.5(c) of the Lease, Tenant shall remove its eyebrow signage above the first floor on the exterior of the Building and repair any damage caused thereby immediately prior to the installation of
signage on the upper Building facade. In accordance with and subject to Section 5.5(d) of the Lease, Tenant shall have the right, at Tenant’s sole cost and expense, to install backlit Tenant identification (parapet) signage on the upper
Building façade in the location as shown on the attached Exhibit C. that will include Tenant’s name and standard logo, with the design, size and location of such signage being subject to Landlord’s reasonable approval and otherwise
consistent with any existing Building façade signage. 
 10. Monument Signage. Landlord shall install a
directional monument sign (the “Directional Monument Sign”) at the intersection leading to either the Building or the project next door, Tower of the Hills. Landlord shall include on such Directional Monument Sign an
entry with directional signage with Tenant’s logo indicating the direction to front entrance to the Building. 
 11.
Broker. Landlord has agreed to pay to Crimson Services, LLC and AQUILA Commercial, LLC (“Landlord’s Broker”) and to Jones Lang LaSalle Brokerage, Inc. (“Tenant’s
Broker”) real estate brokerage commissions as set forth in separate commission agreements between Landlord and Landlord’s Broker and Landlord and Tenant’s Broker, respectively. Landlord and Tenant hereby represent and
warrant each to the other that they have not employed any other agents, brokers or other such parties in connection with this Lease, and each agrees that they shall hold the other harmless from and against any and all claims of all other agents,
brokers or other such parties claiming by, through or under the respective indemnifying party. 
 12. No Claims.
As of the date hereof, Tenant has no pending claims, demands, counterclaims, defenses, allowances, adjustments or offsets arising out of or in any way related to the Lease or arising out of any document, writing or instrument executed in connection
therewith or herewith. Tenant is not aware of any default by Landlord under any of the terms or provisions of the Lease. 

  

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 13. Entire Agreement. This Amendment supersedes and cancels any and all
previous statements, negotiations, arrangements, brochures, agreements and understandings, if any, between Landlord and Tenant with respect to the subject matter of this Amendment. The Lease and this Amendment constitute the entire agreement of the
parties with respect to the subject matter of the Lease and this Amendment. There are no representations, understandings, stipulations, agreements, warranties or promises (express or implied, oral or written) between Landlord and Tenant with respect
to the subject matter of this Amendment or the Lease. It is likewise agreed that the Lease and this Amendment may not be altered, amended, modified or extended except by an instrument in writing signed by both Landlord and Tenant. 

14. Authority. The person executing this Amendment on behalf of Tenant represents unto Landlord that: (a) Tenant is a
duly organized and validly existing Delaware corporation in good standing under the laws of the State of Texas, (b) Tenant has the full right and authority to execute, deliver and perform this Amendment; (c) the person executing this
Amendment on behalf of Tenant is authorized to do so; (d) upon request of Landlord, such person will deliver to Landlord satisfactory evidence of his or her authority to execute this Amendment on behalf of Tenant; and (e) this Amendment,
when executed and delivered by Tenant and Landlord, will constitute the valid and binding agreement of both parties, enforceable against Landlord and Tenant in accordance with its terms. 

15. Status of Lease. The Lease, as amended by this Amendment, is in full force and effect and is binding upon and
enforceable by Landlord and Tenant in accordance with its terms. In the event of a conflict between the terms and conditions of the Lease and the terms and conditions in this Amendment, the terms and conditions of this Amendment shall control. This
Amendment shall become effective only after the full execution and delivery hereof by Landlord and Tenant. 
 [Signature
Page Follows.] 

  

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 IN TESTIMONY WHEREOF, the parties hereof have executed this Amendment as of the Effective
Date. 
  

			
	LANDLORD:
	
	 13785 RESEARCH BLVD, LLC,
 a Texas limited liability company

		
	By:	 	Crimson Aspen Lake, LLC, a Texas limited liability company, its sole member

  

					
	By:	 	CREF Aspen Lake, LLC, a Texas limited liability company, its managing member
			
		 	By:	 	 
		 		 	C. Dean Patrinely, President
		 		 	Date:                             
       

  

			
	TENANT:
	
	 LDR SPINE USA, INC.,
 a Delaware corporation

		
	By:	 	 
		 	Christophe Lavigne, President and Chief Executive Officer
		 	Date:                             
                       

  

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 EXHIBIT A 
 ADDITIONAL PREMISES 
  
 

 

  
 B-1

 EXHIBIT B 
 ADDITIONAL RESERVED PARKING 
  
 

 

  
 B-2

 EXHIBIT C 
 UPPER BUILDING FAÇADE SIGNAGE LOCATION 
  
 

 

  
 B-3EX-10.16

 Exhibit 10.16 
 [handwritten] 
 LDR MEDICAL 

June 24, 2013 
 RENEWAL OF 
 COMMERCIAL LEASE by the 

AUBE DEPARTMENT 
 to LDR MEDICAL 
 SCP CHATON - COSSARD - MARTIN 

Associated Notaries 
 30, boulevard Victor Hugo - TROYES (Aube) 
 Telephone:
(+33) 03.25.82.66.55 

 [stamp] 
 Attorney E. CHATON 
 Attorney P. COSSARD 

Attorney B. H. MARTIN 
 Associated
Notaries 
 30, bd Victor Hugo 
 10000 TROYES 
 June 24, 2013 

RENEWAL OF 

COMMERCIAL LEASE by the 
 AUBE DEPARTMENT 
 to LDR MEDICAL 

 THE YEAR TWO THOUSAND THIRTEEN 

JUNE TWENTY-FOURTH 
 The undersigned Attorney Pascal COSSARD, member of the French company “CHATON - COSSARD - MARTIN, notaires associés d’une société civile professionnelle titulaire
d’un office notarial” (associated notaries in professional civil partnership holding a notary office), the headquarters of which is at TROYES (Aube), 30 Boulevard Victor Hugo, 

Has received this authentic instrument containing RENEWAL of A COMMERCIAL LEASE, at the request of the individuals named below:

 IDENTIFICATION OF THE PARTIES 
 LESSOR 
 The AUBE DEPARTMENT, the headquarters of which is at
TROYES (10000), Hôtel du Département, 2 rue Pierre Labonde, identified on the SIRET (Système Informatique du Répertoire des Entreprises et de Leurs Établissement), i.e., the French corporate and trade
registration system, under number 221 000 052 00011 and on the SIREN (Système National Informatique pour le Répertoire des Entreprises et des Etablissements), i.e., the French national statistical registration system, Registry
under number 221 000 052 
 Hereinafter referred to as “LESSOR,” 

TENANT 
 The French company known as LDR MEDICAL, Société par Actions Simplifiée (simplified joint-stock corporation) with share capital of €230,429.20, having corporate
headquarters at ROSIERES PRES TROYES (10430), 4, rue Gustave Eiffel, Hôtel de Bureaux, identified on the SIREN under No. 433 924 529 and registered with the Trade and Corporate Registry of TROYES. 

Hereinafter referred to as “TENANT,” 
 PRESENCE - REPRESENTATION 
 - The AUBE DEPARTMENT is
represented by Mr. Philippe ADNOT, Chairman of the General Council, 
 Acting in such capacity, pursuant to a resolution of
the Permanent Commission to the General Council, dated January 14, 2013, properly forwarded to the competent government representative, certified as enforceable as of January 23, 2013, a copy of which shall be attached and annexed to this
instrument, as identified. 
 The representative of the AUBE DEPARTMENT declares that the resolution was not subject to any
appeal to the Administrative Tribunal. 
 [Notary seal] 
 Attorney Pascal COSSARD, Notary 
 TROYES (Aube) 

  
 1 

 The company LDR MEDICAL is represented by: 

Mr. Patrick RICHARD, Vice Chairman and Chief Executive Office, having all authority pursuant to the corporate bylaws, 

SETS FORTH THE FOLLOWING 
 Prior to the amendment which is the object of this instrument, the LESSOR sets forth the following: 
 ~ COMMERCIAL LEASE OF JANUARY 14, 2005 
 Pursuant to an instrument received
by the undersigned notary, Attorney Philippe SOMBORN, on January 14, 2005, a commercial lease was drawn up by the AUBE DEPARTMENT for the company LDR MEDICAL bearing on the premises located at ROSIERES PRES TROYES (Aube), Hôtel de Bureaux
1, 4 rue Gustave Eiffel: 
  

	 	•	 	 During the 1st quarter of 2004: 454.60 m2 

  

	 	•	 	 During the 2nd quarter of 2004: 603.45 m2 

  

	 	•	 	 After July 1, 2004: 693.15 m2 

  

	 	•	 	 After January 1, 2005: 746.55 m2 

 For a duration of nine complete and consecutive years starting December 15, 2003, for an annual lease payment net of tax of: 
 - For the period from January 1 to December 31, 2004: 
 An annual lease payment of €63 net of tax per square meter leased, i.e.: 
  

					
	* For the 1st quarter of 2004:	  	€63 x 454.60 m2 =	  	€7,159.95 net of tax
		  	4	  	
			
	* For the 2nd quarter of 2004:	  	€63 x 603.45 m2 =	  	€9,504.34 net of tax
		  	4	  	
		
	* From July 1, 2004 to December 31, 2004:	  	
		  	€63 x 693.15 m2 =	  	€21,834.22 net of tax
		  	2	  	
		
	* Yielding a total lease payment net of tax for 2004 of	  	€38,498.51 net of tax

 - For subsequent years: 

An annual lease payment of €90 net of tax per m2 leased, i.e. 
  

			
	* €90 x 746.55 m2 =	  	€67,189.50 net of tax

 The lease payment calculated above is payable per month, in advance, on the 1st of each month.

 ~ AMENDMENT to the COMMERCIAL LEASE of October 27 and November 10, 2006 

Pursuant to an instrument received by the aforementioned Attorney Philippe SOMBORN on October 27 and November 10, 2006, an
initial amendment of the aforementioned commercial lease of January 14, 2005 has been recorded. 
 The
parties have mutually agreed that retroactively as of January 1, 2006, the lease would apply to all premises of the Hôtel de Bureaux located at ROSIERES PRES TROYES (Aube), 4 rue Gustave Eiffel, comprising floor space of 2,416
m2. 

 

					
	Thus comprising an annual lease payment retroactive as of January 1, 2006 of €90.00 net of tax per m2 leased, or	  	€	217,440.00 net of tax	  

  
 2 

 THIS HAVING BEEN SET FORTH, the commercial lease that is the object of this instrument is
hereby renewed as follows. 
 RENEWAL OF COMMERCIAL LEASE 

The parties agree to renew the aforementioned COMMERCIAL LEASE and its first amendment: 

IDENTIFICATION OF LEASED ASSETS 
 In continuation of the AMENDMENT of the aforementioned COMMERCIAL LEASE of October 27 and November 10, 2006: 
 AT ROSIERES PRES TROYES (Aube), 
 In the Hôtel de Bureaux 1,
located at 4 rue Gustave Eiffel, 
 All premises, i.e. floor space of 2,416 m2. 

DURATION 
 This commercial lease renewal is approved for a duration of nine years starting retroactively on December 15, 2012, until December 14, 2021. 

Notice upon expiration of each three-year period 
 Pursuant to Articles L. 145-4 and L. 145-9 of the French Commercial Code, the TENANT shall have authority to terminate this lease upon expiration of each three-year period, by giving notice served by
court bailiff at least six months in advance. In the event of late notice or notice given in irregular fashion, the lease shall be renewed for a new three-year period with all tenant obligations deriving therefrom. 

It is further noted that pursuant to Article L. 145-4 of the Commercial Code, the LESSOR is authorized to give notice upon expiration of
each three-year period if it wishes to claim the provisions of Articles L. 145-18, L. 145-21 and L. 145-24 of the Commercial Code, in order to reconstruct the building, expand it or execute civil works recommended or authorized as part of a property
restoration project. 
 ASBESTOS REGULATION 

The LESSOR represents that the leased premises do not fall within the scope of application of Articles R. 1334-14 and thereafter
of the French Public Health Code, as the office park in question is covered by a construction permit issued after July 1, 1997. 
 ENERGY PERFORMANCE DIAGNOSIS 
 The LESSOR represents that the ASSET
falls within the scope of application of Articles R. 134-1 and thereafter of the French Building and Housing Code and that an energy performance diagnosis was prepared by SOCOTEC on March 29, 2013, a copy of which is attached hereto.

 Consequently, the building is classified “C” with regard to energy consumption and “C” with regard to
greenhouse gas emissions. 

  
 3 

 The TENANT acknowledges having been informed that, pursuant to Article L. 271-4, II of the
Building and Housing Code, it may not apply against LESSOR information contained in the energy performance diagnostic that has only informational value. 
 ENVIRONMENTAL APPENDIX 
 Since January 1,
2012, all new commercial and tertiary leases of over 2,000
m2 must be accompanied by an environmental appendix.

 This decree applies to all leases current as of July 14, 2013. 

The environmental appendix may stipulate obligations imposed on the tenant to limit energy consumption in the premises in question
(Environmental Code, Article L. 125-9). 
 The content of this appendix has been defined by Decree
No. 2011-2058 of December 30, 2011 (Journal Officiel, December 31, 2011). 
 The provisions of this decree
have been codified in Articles R. 137-1 to R. 137-3 of the Building and Housing Code. 
 Article R.
136-1. - The environmental appendix mentioned in I, Article L. 125-9 of the Environmental Code contains the following items, supplied by the lessor: 
 1. A list, complete description and energy specifications of the building equipment for waste treatment, heating, cooling, ventilation and lighting, as well as any other system linked to the
building specifications; 
 2. Actual annual energy consumption of the equipment and systems in use;

 3. Annual water consumption of the leased facilities and equipment and systems in use; 

4. Annual quantity of waste generated by the building if the lessor provides for its treatment and, as applicable, the quantity
to be collected with a view to reuse or specific process. 
 Article R. 136-2. - The environmental appendix
mentioned in I, Article L. 125-9 of the Environmental Code contains the following items, supplied by the tenant: 

1. A list, complete description and energy specifications of the equipment it has installed in the leased premises for waste
treatment, heating, cooling, ventilation and lighting, as well as any other system linked to the building specifications; 

2. Actual annual energy consumption of the equipment and systems located in the leased premises or in use; 

3. Annual water consumption of the leased facilities and equipment and systems in use; 

4. Annual quantity of waste generated by the leased premises if the tenant provides for its treatment and, as applicable, the
quantity to be collected with a view to reuse or specific treatment. 
 Article R. 136-3. - With such
frequency as they agree upon, the tenant and the lessor hereby establish a schedule of improvements to the energy and environmental performance of the building and the leased premises. Based on this schedule, the two parties commit to an action plan
aimed at improving the energy and environmental performance of the building and leased premises. 
 The AUBE DEPARTMENT
assigned the task of preparing this environmental appendix to the company SOCOTEC, and the appendix was completed on April 12, 2013 and is attached hereto. 
 The appendix contains a list, the complete description and energy specifications of the equipment and systems of the leased premises, particularly the annual water and power consumption. 

The parties are required to collaborate to prepare a schedule for improving the energy and environmental performance of the property, and
commit together to an action plan aimed at improving the building’s energy and environmental score. 

  
 4 

 The parties agree, for the entire duration of the lease, to attain and maintain the
objectives and recommendations mentioned in the environmental appendix and in particular on energy and water consumption and waste management. 
 The Tenant and the Lessor must provide to each other all useful information on the energy consumption of the leased premises. 
 NATURAL AND TECHNOLOGICAL RISKS 
 Pursuant to Article L. 125-5 of
the Environmental Code, the LESSOR represents that the ASSET covered by this lease is located in a community (commune): 
  

	 	•	 	 not covered by a plan for the prevention of natural or technological risks, 

 

	 	•	 	 exposed to the following natural and technological risks: 

 Landslide - Differential settling 
 Earthquake Seismic zone: 1 

Dam collapse 
 Landslide -
Sinking and caving related to underground cavities (excluding mines) 
  

	 	•	 	 having been subject to the following natural disaster order: 

 

																	
	 Type of disaster
	  	Starting	 	  	Ending	 	  	Recorded	 	  	In the JO of	 
	 Flood, mudslides and landslides
	  	 	12/25/1999	  	  	 	12/29/1999	  	  	 	12/29/1999	  	  	 	12/30/1999	  

 The LESSOR represents that as far as it is aware, the property covered by this lease has not incurred any
damage that has given rise to payment of an insurance indemnification against risks of natural disaster (Article L. 125-2 of the French Insurance Code) or technological risks (Article L. 128-2 of the Insurance Code). 

The TENANT represents that it intends to assume personal responsibility for these provisions and prohibits any recourse against the
LESSOR in this regard. 
 LEASE PAYMENT - REVISION OF LEASE PAYMENT 

The LESSOR and the TENANT have agreed to increase the annual lease payment to the sum of €290,566.29 net of taxes, i.e.,
€24,213.86 per month, payable monthly and in advance on the 1st of each month, subject to revision each year and for the first time on December 15, 2013 based on the commercial lease index (index applied for the 2nd quarter of 2012:
107.65). 
 By express consent, this revision shall apply automatically with no notification by extra-judicial instrument or by
registered letter with acknowledgement of receipt, nor any notice to perform being needed to render the revised amount of the lease payment due. 
 In the event that the contractual comparison index is no longer published on the scheduled annual revision date, the lease payment due shall be calculated provisionally by taking as comparison index the
latest index known on that date, to be adjusted upon publication of the index. 
 In the event of change or replacement of the
chosen index, the new index shall duly replace the former one under the conditions and according to the published coefficient. 

  
 5 

 In the case of pure and simple elimination of the index chosen above, it shall be replaced
by a new equivalent index, set by mutual agreement between the parties or, failing this, by an arbitration tribunal. 
 The
absence of benchmark index shall not entitle the TENANT to delay or defer settlement of each lease payment due, based on the last known index, except in the case of a subsequent reassessment as soon as the difficulty is resolved. 

Finally, it is stipulated that this clause shall not constitute an obstacle to any request for revision that might be filed by either
party, pursuant to Articles L. 145-37 and L. 145-38 of the Commercial Code. 
 LEASE EXPENSES 

The parties also agree to add to such principal lease payment a monthly provision of €490.00 net of tax, i.e., €5,880.00 net of
tax per year, payable monthly and in advance, for maintenance agreements signed or to be signed by the AUBE DEPARTMENT (heating, elevator, fire alarm, extinguishers and smoke clean-up) and facility inspection agreements (electrical and elevator).

 This sum shall be subject to annual revision depending on expenses actually incurred. 

The provisions paid shall be subject to an account adjustment each calendar year. 

OTHER EXPENSES 
 LDR MEDICAL, which occupies all the premises of the Hôtel de Bureaux, shall assume direct financial responsibility for all building operating expenses (water, electricity, heating, etc.) as well as
direct payment of all such expenses. 
 LDR MEDICAL shall also reimburse the LESSOR for the value of the property tax, household
waste collection tax, management costs generated by such taxes, or any other taxes that might replace them. 
 SECURITY
DEPOSIT 
 Since the total amount of the security deposit must be equivalent to twice the monthly lease payment,
following revision of the lease the parties agree to a security deposit of TWELVE THOUSAND, NINE HUNDRED EIGHTY-EIGHT EUROS and SEVENTY-TWO CENTIMES (€12,988.72), in addition to: 

 

	*	the sum paid upon signing the commercial lease, 

	*	and the sum paid today by the TENANT to the LESSOR, which gives good and valid discharge thereof, 

NOTED FOR DISCHARGE 
 Thereby bringing the total value of the security deposit to €48,427.72. 

The other conditions of the COMMERCIAL LEASE not amended pursuant to this instrument remain unchanged. 

EXPENSES 
 All expenses, fees and honoraria specified hereunder and any that may subsequently be the consequence thereof, without exception or reserve whatsoever, including the cost of the executable copy to be
forwarded to the LESSOR, shall be assumed and discharged by the TENANT, that so agrees. 

  
 6 

 VALUE ADDED TAX 

The lease payment shall be understood as being net of tax and subject to Value Added Tax. 

The LESSOR shall consequently invoice the TENANT for the value of the tax and related items, in accordance with the tax rate in force
upon each due date; such tax must be paid at the same time as the lease payment itself, and in accordance with the conditions stipulated in the agreement. 
 ELECTION OF DOMICILE 
 For execution of this instrument and any
follow-up instruments, the parties elect the domicile of their respective residences. 
 NOTED FOR THE RECORD, IN SEVEN
PAGES 
 Having been read, the parties certified the representations concerning them as accurate, and the undersigned
notary collected their signatures, at the Hôtel du Département, 
 June 24, 2013 

and the undersigned notary signed it on this same day. 
 Signatures follow 
 FOR AUTHENTIC COPY 

Issued and certified as consistent with the original, by the undersigned Notary, 

Prepared on SEVEN pages without correction or deletion. 
 [seal] 
 Attorney Pascal COSSARD, Notary 

TROYES (Aube) 

[signature] 
  

	
	This document bound by the ASSEMBLACT R.C. process that prevents any substitution or addition has been signed on the last page. Application of Decree 71:941 of 11-26-71 ART
9-15.

  
 7

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