Document:

THIRD AMENDMENT

 

Exhibit 10.31

 

THIRD

AMENDMENT

 

LEASE  FROM

TRUSTEES  OF

THE  CAMBRIDGE  EAST  TRUST 

TO

EPIX

MEDICAL, INC.

 

 

        This is the Third Amendment made as of

May 1, 2002 to the Lease dated as of July 7, 1998 between the Trustees of The

Cambridge East Trust, as Landlord, and EPIX Medical, Inc., as Tenant, for

premises at 63-75 Rogers Street, 

Cambridge, Massachusetts as previously amended by First Amendment dated

February 8, 1999 and Second Amendment dated as of June 30, 2000 (the

"Lease").

 

        Whereas, the Landlord and the Tenant

wish to confirm the Tenant’s exercise of its extension rights stated in Section

3.6 added to the Lease by the First Amendment to extend the term of the Lease

for five years on the terms and conditions stated in this Third Amendment.

 

           Therefore, for valuable consideration

the receipt and sufficiency of which is mutually acknowledged:

 

1.        Section l  Reference Data  

The Landlord and the Tenant amend the Lease by substituting Section 1 Reference

Data appearing at the end of this Third Amendment for the original

Section 1 Reference Data, and the Lease is hereby so amended.

 

2.        Right to Extend Term  The parties confirm that the Tenant’s rights

to extend the Term stated in Section 3.6 of the First Amendment are being

exercised by this Third Amendment and are of no further force or effect.

 

3.

       Lease Confirmed  Except as previously amended and as amended

herein, the Lease is ratified and confirmed.

 

 

1.        REFERENCE DATA

 

                           Each reference in

this Lease to the following subjects shall be construed to incorporate the data

for that subject stated in this Section 1.

 

	

  DATE:

  	

   

  	

  As of May 1, 2002

  
	

   

  	

   

  	

   

  
	

  LANDLORD:

  	

   

  	

  Bruce A. Beal and

  Robert L. Beal, Trustees of The Cambridge East Trust, under declaration of

  trust dated June 1, 1983 recorded with the South Middlesex Registry of Deeds,

  Book 15067, Page 392 and registered with the South Middlesex Registry

  District of the Land Court as Document 641740 noted on Certificate of Title

  168090, Book 970, Page 140, as Trustees and not individually

  
	

   

  	

   

  	

   

  
	

  ORIGINAL ADDRESS

  OF LANDLORD:

  	

   

  	

  

  c/o Beal and Company, Inc.

  177 Milk Street

  Boston, Massachusetts 02109

  
	

   

  	

   

  	

   

  
	

  TENANT:

  	

   

  	

  EPIX  Medical, Inc., a Delaware corporation

  
	

   

  	

   

  	

   

  
	

  ORIGINAL

  ADDRESS

  OF TENANT:

  	

   

  	

  

  71 Rogers Street, Cambridge Massachusetts 02142

  
	

   

  	

   

  	

   

  
	

  PREMISES:

  	

   

  	

  Effective

  on the Commencement Date of this Lease the following premises shown on

  Exhibit 1 to the original Lease:

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  2,660 square feet located in the 6,640 square foot building known as and

  numbered 63 Rogers Street,

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  4,390 square feet located in the 5,360 square foot building known as and

  numbered 65 Rogers Street,

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  2,500 square feet located in the 2,500 square foot building known as and

  numbered 69 Rogers Street,

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately  2,500 square feet located in the 2,500

  square foot building known as and numbered 71 Rogers Street, approximately

  5,000 square feet located in the 5,000 square foot building known as and

  numbered 75 Rogers Street,

  

 

2

 

	

   and effective on or about April 1, 2001

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  5,900 square feet located in the 5,900 square foot building known as and

  numbered 67 Rogers Street as shown on Exhibit 1-A to the Lease

  
	

   

  	

   

  	

   

  
	

  all

  in Cambridge, Massachusetts (collectively, the Building or Buildings)

  
	

   

  	

   

  	

   

  
	

  FIRST

  OFFER PREMISES:  The following

  premises shown on Exhibit 1-A to the Lease:

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  3,980 square feet located in the 6,640 square foot building known as and

  numbered 63 Rogers Street, and

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  approximately

  970 square feet located in the 5,360 square foot building known as and

  numbered 65 Rogers Street

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  also

  in Cambridge, Massachusetts. 

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  If

  added to the Premises, these premises also will, with the other Premises, be

  referred to collectively as the Building. See Section 3 of the Second

  Amendment for exercise rights to lease the First Offer Premises. See Section

  6.1 of the Lease for Annual Fixed Rent if the First Offer Premises are added

  to the Lease.

  
	

   

  	

   

  	

   

  
	

  TERM:

  	

   

  	

  Ten

  years as to original Premises

  Six years nine months (approximately) as to 67 Rogers Street

  
	

   

  	

   

  	

   

  
	

  COMMENCEMENT

  DATE:  

  
	

   

  	

   

  	

  As

  to original Premises - January 1, 1998

  As to the Premises at 67 Rogers Street - on or about April 1, 2001

  
	

   

  	

   

  	

   

  
	

  TERMINATION

  DATE:  December 31, 2007 as to all

  Premises

  
	

   

  	

   

  	

   

  
	

  ANNUAL

  FIXED RENT: 

  
	

   

  	

   

  	

  January

  1, 1998 - December 31, 1998

  	

  $258,700.00

  
	

   

  	

   

  	

  January

  1, 1999 - December 31, 1999

  	

  $275,750.00

  
	

   

  	

   

  	

  January

  1, 2000 - December 31, 2000

  	

  $292,800.00

  
	

   

  	

   

  	

  January

  1, 2001 - March 31, 2001

  	

  $  77,462.50

  

 

3

 

	

   

  	

   

  	

  April

  1, 2001 - December 31, 2001

  	

  $328,410.00

  
	

   

  	

   

  	

  January

  1, 2002 - December 31, 2002

  	

  $460,830.00

  
	

   

  	

   

  	

  January

  1, 2003 - December 31, 2003

  	

  $717,187.50

  
	

   

  	

   

  	

  January

  1, 2004 - December 31, 2004

  	

  $740,137.50

  
	

   

  	

   

  	

  January

  1, 2005 - December 31, 2005

  	

  $763,087.50

  
	

   

  	

   

  	

  January

  1, 2006 - December 31, 2006

  	

  $786,037.50

  
	

   

  	

   

  	

  January

  1, 2007 - December 31, 2007

  	

  $808,987.50

  
	

   

  	

   

  	

   

  	

   

  
	

  MONTHLY

  PAYMENT:

  	

   

  
	

   

  	

   

  	

  January

  1, 1998 - December 31, 1998

  	

  $  21,558.33

  
	

   

  	

   

  	

  January

  1, 1999 - December 31, 1999

  	

  $  22,979.17

  
	

   

  	

   

  	

  January

  1, 2000 - December 31, 2000

  	

  $  24,400.00

  
	

   

  	

   

  	

  January

  1, 2001 - March 31, 2001

  	

  $  25,820.83

  
	

   

  	

   

  	

  April

  1, 2001 - December 31, 2001

  	

  $  36,490.00

  
	

   

  	

   

  	

  January

  1, 2002 - December 31, 2002

  	

  $  38,402.50

  
	

   

  	

   

  	

  January

  1, 2003 - December 31, 2003

  	

  $  59,765.63

  
	

   

  	

   

  	

  January

  1, 2004 - December 31, 2004

  	

  $  61,678.13

  
	

   

  	

   

  	

  January

  1, 2005 - December 31, 2005

  	

  $  63,590.63

  
	

   

  	

   

  	

  January

  1, 2006 - December 31, 2006

  	

  $  65,503.13

  
	

   

  	

   

  	

  January

  1, 2007 - December 31, 2007

  	

  $  67,415.63

  
	

   

  	

   

  	

   

  	

   

  
	

  TENANT'S PERCENTAGE OF
  OPERATING EXPENSES:

  	

   

  63

  Rogers Street

  	

   

  40.06%

  
	

   

  	

   

  	

  65

  Rogers Street

  	

  81.90%

  
	

   

  	

   

  	

  67

  Rogers Street

  	

  100%

  
	

   

  	

   

  	

  69

  Rogers Street

  	

  100%

  
	

   

  	

   

  	

  71

  Rogers Street

  	

  100%

  
	

   

  	

   

  	

  75

  Rogers Street

  	

  100%

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  and

  if the First Offer Premises are added to the Lease:

  
	

   

  	

   

  	

  63

  Rogers Street

  	

  100%

  
	

   

  	

   

  	

  65

  Rogers Street

  	

  100%

  
							

 

PERMITTED

USES:          General Office use and

technical office for research development laboratory or research facility use,

and manufacture, processing, assembly and packaging of drug, all to the extent

permitted by applicable law and no other use

 

SECURITY

DEPOSIT:       None

 

BROKER: The Beal Companies and McCall & Almy as to

this Third Amendment

 

 

4

 

SIGNATURES

 

 

	

  LANDLORD:

  	

   

  	

  TENANT:

  
	

  Bruce A. Beal and Robert L. Beal,

  Trustees as aforesaid and not individually

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

  Beal and Company, Inc.,

  	

   

  	

  EPIX 

  Medical, Inc.

  
	

   

  	

  Managing Agent

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

  /s/ Robert L. Beal

  	

   

  	

  /s/ Pamela E. Carey

  
	

   

  	

  its

  Trustee

  	

   

  	

  its

  V.P. Finance & Administration and Chief Financial Officer

  
	

   

  	

  hereunto duly authorized

  	

   

  	

  hereunto duly authorized

  

 

5

 

SECRETARY'S

CERTIFICATE

 

     The undersigned hereby certifies (1) that

s/he is the duly elected Secretary of the corporation executing this Third

Amendment to Lease as Tenant, (2) that the Tenant's Board of Directors has duly

decided as required by law and the Tenant's governing documents that the Tenant

shall enter into this Third Amendment to Lease and has duly empowered the

person who executed this Third Amendment to Lease to do so in the name of and

on behalf of the Tenant, and (3) that the Tenant's execution and performance of

this Lease is consistent with and does not contravene or violate the law and

governing documents under which Tenant is organized and operated.

 

	

   

  	

   

  	

  /s/ Michael D. Webb

  
	

   

  	

   

  	

  Michael D. Webb, Secretary

  

 

 

6Exhibit 10.19

 

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of

On-Site Sourcing Inc. (the Company) on Form 10-Q for the period ending June 30,

2002 as filed with the Securities and Exchange Commission on the date hereof

(the Report), I, Christopher Weiler, Chief Executive Officer of the Company,

certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the

Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies

with the requirements of section 13(a) or 15(d) of the Securities Exchange Act

of 1934; and

 

(2) The information contained

in the Report fairly presents, in all material respects, the financial

condition and result of operations of the Company.

 

 

	

  /s/ Christopher Weiler

  	

   

  
	

   

  
	

   

  
	

  Christopher Weiler

  
	

  Chief Executive Officer

  
	

  August 14, 2002

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]