SEC Contract Filing

Filing Date: 2020-03-16

Document Content:
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<TYPE>EX-10.23
<SEQUENCE>3
<FILENAME>arct-ex1023_426.htm
<DESCRIPTION>EX-10.23
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.23</p>
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<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">FIRST AMENDMENT TO LEASE</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS FIRST AMENDMENT TO LEASE (this &#8220;<font style="font-weight:bold;">First Amendment</font>&#8221;) is made as of February 1, 2020, by and between <font style="font-weight:bold;">ARE-SD REGION NO. 44, LLC</font>, a Delaware limited liability company (&#8220;<font style="font-weight:bold;">Landlord</font>&#8221;), and <font style="font-weight:bold;">ARCTURUS THERAPEUTICS, INC.</font>, a Delaware corporation (&#8220;<font style="font-weight:bold;">Tenant</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">RECITALS</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;color:#000000;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:10pt;"><font style="font-weight:normal;">Landlord and Tenant are now parties to that certain Lease dated as of October 4, 2017 (the &#8220;</font>Lease<font style="font-weight:normal;">&#8221;).&nbsp;&nbsp;Pursuant to the Lease, Tenant leases certain premises consisting of approximately 24,705 rentable square feet of space (the &#8220;</font>Premises<font style="font-weight:normal;">&#8221;) in a building located at 10628 Science Center Drive, La Jolla, California (&#8220;</font>Building<font style="font-weight:normal;">&#8221;).&nbsp;&nbsp;The Premises are more particularly described in the Lease.&nbsp;&nbsp;Capitalized terms used herein without definition shall have the meanings defined for such terms in the Lease.</font></p></td></tr></table></div>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;color:#000000;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:10pt;"><font style="font-weight:normal;">Landlord and Tenant desire, subject to the terms and conditions set forth below, to amend the Lease to, among other things, provide for Tenant to lease additional space on a temporary basis consisting of approximately 11,749 rentable square feet in that certain Building at the Project known as 10578 Science Center Drive, San Diego, California (the &#8220;</font>10578 Building<font style="font-weight:normal;">&#8221;), as shown on </font>Exhibit A <font style="font-weight:normal;">attached to this First Amendment.</font></p></td></tr></table></div>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual promises and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:</font></p>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:10pt;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="text-decoration:underline;">Temporary Premises</font><font style="font-weight:normal;">.&nbsp;&nbsp;Commencing on March 1, 2020 (&#8220;</font>Temporary Premises Commencement Date<font style="font-weight:normal;">&#8221;), and co