Document:

xncr_Ex10-27

		
			Exhibit 10.27
		

		
			 
		

		
			AMENDMENT TO LEASE
		

		
			 
		

		
			THIS AMENDMENT TO LEASE ("Amendment") is dated January 26, 2015 to be effective as of January 1, 2015, between BF MONROVIA, LLC ("Landlord"), a California limited liability company, and Xencor, Inc., a California corporation (“Tenant”).
		

		
			 
		

		
			Landlord and Tenant are parties to that certain Lease dated January 1, 2015 (“Lease”), pursuant to which Landlord leases to Tenant Premises in a Buiding located at 111 West Lemon Street, Monrovia, CA, 91016.  Landlord and Tenant desire to amend the Lease to clarify certain provisions thereof.  All capitalized terms not otherwise defined herein shall have the meanings given such terms in the Lease.
		

		
			 
		

		
			NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree to amend the Lease as follows:
		

		
			 
		

		
			1.Sections 8.1 and 8.2 of the Lease are deleted in their entirety and replaced with the following:
		

		
			 
		

		
			8.1         Landlord’s Obligation.  Landlord shall be responsible for providing, and shall pay for water, gas, heat, light, electricity, and other utilities and services necessary for Landlord’s operation and maintenance of the of the Common Areas as provided in this Lease, together with any taxes thereon, all costs of which Landlord shall include in Operating Costs.  Additionally, Landlord acknowledges that under the Prior Lease and as of the date hereof, Tenant provides and pays for electricity provided to the entire Building, under one account with Sempra Energy and five accounts with Southern California Edison.  For so long as Tenant pays for electricity provided to the entire Building, Landlord shall reimburse Tenant: (a) one hundred percent (100%) of the cost of the Southern California Edison Account No. 3-017-9216-81; and (b) fifty percent (50%) of the cost of each of the Sempra Energy Account and of the Southern California Edison Account No. 3-020-2155-04, upon Tenant’s delivery of the bills for such costs. Tenant shall remain responsible to pay one hundred percent (100%) of the costs of the remaining Southern California Edison accounts.
		

		
			 
		

		
			8.2         Tenant’s Obligations.  Tenant shall be responsible for providing to the Premises, and shall pay for, all water, gas, heat, light, electricity, telephone, cable, internet service and all other utilities and services necessary to the operation of Premises, together with any taxes thereon (“Premises Utilities”).  Tenant shall make payments for the Premises Utilities directly to the provider thereof prior to the date any bill for any such Premises Utilities is due.  In the event it is necessary to install any meters for the separate metering of the Premises Utilities or any portion thereof, Tenant shall pay for such metering directly to the utility or installer thereof, except for any rewiring of the Premises for electricity which Landlord only may elect to do, for which Landlord shall pay and not include in Operating Costs. 
		

		
			 
		

		
			2.Section 8.3 is amended to delete all references to “Premises Electricity” therein.
		

		
			 
		

		
			3.Effect of Amendment.  This Amendment sets forth the entire agreement between the Parties with respect to the matters set forth herein.  In the event of a conflict between the provisions of this Amendment and those of the Lease, the provisions of this Amendment shall control.  Except as set forth in this Amendment, the terms and provisions of the Lease are hereby ratified and declared to be in full force and effect.
		

		
			 
		

		
			4.Signatures.  This Amendment may be executed in multiple counterparts, each of which shalll be deemed an original, and together will constitute one instrument.  Each party may rely upon a facsimile or “pdf” counterpart of this Amendment signed by the other party with the same effect as if such party had received an original counterpart signed by such other party.
		

		

		

		 

		

			1

		

 

		
		

		
			 
		

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date set forth above.
		

		
			 
		

		
			 
		

			
					
						“LANDLORD”

					
					
						 

					
					
						“TENANT”

				

		
			 
		

		
			BF MONROVIA, LLC, a California limited XENCOR, INC., a California corporation liability company
		

		
			 
		

		
			 
		

			
					
						By:

					
					
						 

					
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Bonnie Burman, Co-Trustee of the 

					
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						David Blum 1993 Family Trust,

					
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						Managing Member

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By: 

					
					
						 

					
					
						 

					
					
						By: 

					
					
						 

				
	
					
						 

					
					
						Richard Rieder, Co-Trustee of the 

					
					
						 

					
					
						Name: 

					
					
						 

				
	
					
						 

					
					
						David Blum 1993 Family Trust,

					
					
						 

					
					
						Title: 

					
					
						 

				
	
					
						 

					
					
						Managing Member

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			-Signature Page to Amendment to Lease-
		

		 

		

			2exhibit10_1.htm

Exhibit 10.1

 

AMENDMENT No. 2 TO THE

PURCHASE CONTRACT

EXECUTED ON JANUARY 15, 2015

 

THIS AMENDMENT NO. 2 TO THE PURCHASE CONTRACT EXECUTED ON JANUARY 15, 2015 is made as of February 17, 2015.

BETWEEN:

JTB REAL ESTATE LLLP a limited liability limited partnership formed in accordance with the laws of State of Arizona, and represented by its General Partner, TBJ LLC, an Arizona limited liability corporation

 (the “Seller”)

AND:

MEDICAN ENTERPRISES, INC. a company duly incorporated under the laws of Delaware and having its office at 3440 E Russell Road, Las Vegas, NV 89120

 (the “Buyer”)

WHEREAS:

	
A.  

	
The Seller is the owner of fee simple title to an industrial building being approximately 7200 sq. ft. on approximately .83 acres of land in Phoenix, county of Maricopa in the State of Arizona, and having a civic address at 10040 N. Metro Parkway W., Phoenix, Arizona, 85051 and legally described as Lot 3, of METROCENTER TRACT 10, according to the plat of record in the office of the Country Recorder of Maricopa County, Arizona, recorded in Book 797 Maps, page 15 (the “Premises”); and

	
B.  

	
On January 15, 2015, through a Purchase Contract (the “Original Purchase Contract”) the Seller agreed to sell and the Buyer agreed to purchase all of the Seller’s right, title, and interest in and to the Premises and all of the Seller’s right title and interest in the leasehold improvements owned by the Seller which are used in association with and are located on or about the Premises as at the Closing Date (defined in the original Agreement as January 30, 2015), on the terms and conditions set out in this Agreement; and

	
C.  

	
On January 30, 2015, through Amendment No. 1 to the Original Purchase Contract, the Seller and Buyer agreed to extend the Closing Date as defined in the Original Purchase Contract from January 30, 2014 to February 18, 2015 to accommodate the requirements of the Buyer’s lender and to complete another appraisal of the Premises.

	
D.  

	
In this Amendment No. 2 to the Original Purchase Contract, the Seller and Buyer have agreed to extend the Closing Date as defined in the Original Purchase Contract from February 18, 2015 to March 31, 2015..

 

 

 

 

 

NOW THEREFORE in consideration of $1.00 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, , the Seller and Buyer agree as follows:

	
1.  

	
To extend the Closing Date as defined in the Original Purchase Contract until March 31, 2015.

	
2.  

	
That, until notice is received in the manner described below, the Seller will have the right to consider all other offers to purchase the Premises and business operating from the Premises. If the Seller receives an offer which the Seller wishes to accept, the Seller will deliver notice of the offer to the Buyer at 3440 E Russell Road, Las Vegas, NV 89120. The Buyer will have 5 business days from the time notice is delivered to complete the purchase of the Premises in accordance with the terms and conditions of the Original Purchase Contract.  If the Buyer is unable to complete the purchase in accordance with the terms of the Original Purchase Contract within the specified time after delivery of the notice to the Buyer, the Original Purchase Contract will terminate and all parties will be released of their obligations thereunder.

 

	
3.  

	
All other provisions from the Original Purchase Contract shall remain unchanged and in full force and effect.

	
4.  

	
The agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so execute shall be deemed to be an original and all of which taken together constitute one and the same instrument.  Executed faxed or electronically transmitted copies of these resolutions whether in counterpart or otherwise will be treated as originally executed.

 

IN WITNESS WHEREOF the parties have executed this Agreement.

	
EXECUTED by MEDICAN ENTERPRISES, INC.

in the presence of:

 

 

 
/s/                                                                    

Witness

	
)))))))

	
MEDICAN ENTERPRISES, INC.

per:

 

 

 
/s/                                                                    

Authorized Signatory

	  	
)))))))

	
JTB REAL ESTATE LLLP by its General Partner TBJ LLC

 

 

/s/                                                                    

Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}]]