EX-10.12 21 tm2210382d1_ex10-12.htm EXHIBIT 10.12

 

Exhibit 10.12

 

AMENDMENT TO LEASE #2

 

In connection with a lease in effect between Cummings Properties, LLC, LESSOR, and LexaGrene, Inc. LESSEE, at 500 Cummings Center, Suite 4550, Beverly , Massachusetts (“premises” or “leased premises”), fully executed on December 20, 2017, and in consideration of the mutual benefits to be derived herefrom, the parties hereby agree to amend said lease, including its terms, conditions, covenants, and obligations (“terms”), as follows:

 

1.The lease term is hereby changed to seven years and one and one-half months, the lease commencement is hereby changed to noon on April 15, 2018, and the currently scheduled termination is hereby changed to noon on May 30, 2025.

 

2.Effective April 15, 2018, base rent shall be changed to three hundred eighty thousand five hundred sixty eight ($380,568) dollars per year or $31,714 per month.

 

3.Effective April 15, 2018, the base month from which to determine the amount of each annual increase in the “Cost of Living” shall 1, 2018, which figure shall be compared with the figure for November 2018, and each November thereafter to determine the increase (if any) in the base rent to be paid during the following calendar year.

 

4.Paragraph D of the Rider to Lease is hereby deleted in its entirety and the following shall now apply. LESSOR, at a total charge to LESSEE of $356,983 (the “Construction Charge”) to be paid by LESSEE upon LESSEE’s execution of this amendment, shall modify the premises according to the mutually agreed upon plan and Construction Specifications attached hereto (“LESSOR’s Work”) before or around April 15, 2018.

 

5.The parties acknowledge and agree that LESSEE has previously paid to LESSOR a total of $583,324, which shall be applied as follows:(i) $146,000 as the security deposit in accordance to Section 2 of the lease and Paragraph K of the Rider to Lease, (ii) $356,983 to the Construction Charge, (iii) $15,857 to monthly rent for April 2018, (iv) $31,714 to monthly rent for May 2018, (v) $31,714 to monthly rent for June 2018, and (vi) $1,056 to monthly rent for July 2018.

 

6.In the event LESSEE in any way delays LESSOR’s Work (which shall include without limitation any additions and/or changes requested by LESSEE to the scope of LESSOR’s Work, any delay in LESSEE making payment to LESSOR under the lease, any delay in LESSEE providing information to LESSOR for any permits and/or plans, any delay in LESSEE providing materials to LESSOR, and/or any interference by LESSEE parties and/or LESSEE’s contractor(s) with LESSOR’s Work), rent shall commence as provided herein without abatement, and LESSOR’s time frame for construction shall be extended by the length of such delay.

 

This amendment shall not bind any party in any manner whatsoever until it has been executed by all parties. All other terms of the lease shall continue to apply, and to the extent any inconsistency exists between this amendment and the lease, including any prior amendments and extensions, the terms herein shall control and supersede any earlier provisions. In witness whereof, LESSOR and LESSEE, intending to be legally bound, have caused this amendment to be executed this __19___ day of ____January__________, 2018.

 

 

1 remain January

 

 

- 2 -

 

LESSOR: CUMMINGS PROPERTIES, LLC  LESSEE: LEXAGENE, INC.
        
By: /s/ Stephen Drohosky   By: /s/ John Regan
         
        Duly authorized

 

Print name: __John Regan__________

 

Title: __CEO____________________

 

 

- 3 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
Demolition             
☐ Demolition - VCT or carpet            
☐ Office areas  1057   sf   n/c 
☐ Laboratory and manufacturing areas  4043   sf     
☐ Demolition - partition  294   lf     
☐ Demolition - interior door and frame and/or sidelights  34   ea     
☐ Demolition - casework  23   lf     
☐ Demolition - ACT ceilings  4991   sf     
☐ NOTE: Demolition of M/EIP/FP listed below            
  Subtotal         $25,924 
  Architectural            
  FLOORING            
☐ Building standard, upgraded level loop carpet, 26 oz. at conference and misc. areas in open offices  1057   sf   n/c 
☐ Vinyl composition tile flooring, Azrock V-220 “Cast Pewter” in BSL-1, BSL-2, ENG-1, ENG-2, and Service Hallway  4043   sf     
  NOTE: Existing VCT to remain at DNA room, Shipping & Receiving, and IT closet            
☐ New vinyl cove base, 4n, color is black , at lab and engineering areas  704   lf     
☐ Engineered hardwood strip flooring repair at Reception and Jack’s office  40   sf   n/c 
☐ Engineered hardwood strip flooring reconfiguration at Boardroom  22   sf     
               
  PARTITIONS            
☐ Ceiling height partitions - gypsum wallboard and metal studs, up to 10’ high  747 sf   sf     
☐ Extend partitions to overhead structural deck at office / lab separation  1420 sf   sf     
☐ Extend partitions to overhead structural deck at BSL-2  344 sf   sf     
☐ Caulking/ sealing framing track, ceiling grid, and wall penetrations at BSL-2  1   ls     
☐ Arch-outs and soffits  32   lf     
☐ Patch opening in drywall partition, less than 8’ wide  12   ea     
☐ Cut-in opening in drywall partition, less than 8’ wide  2   ea     
☐ Existing paint, Sherwin-Williams, flat finish, latex, at office areas to remain  20979   sf   n/c 
  NOTE: Existing office area non-standard colors to remain            
☐ Paint, CPL standard Sherwin-Williams, flat finish, latex, 2 coats at ENG-1, ENG-2, Shipping & Receiving, and Service Hallway  5814   sf     
☐ Epoxy paint wall finish, 2 coats, water catalyzed at BSL-1, BSL-2, & DNA  1638   sf     
☐ Insulation batts in wall between Boardroom and Engineering  216   sf     
☐ Blocking for cabinets  1   ls     

 

- 4 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
  OPENINGS            
☐ Standard metal 3’-0”x7’-0”, CPL “D” type door, with full vision panel. HM frame, lever handle passage set and a pair and a half of butt hinges at labs and engineering  7    ea     
☐ CPL standard prefinished wood 3’-0”x7’-0” flush door with HM frame, lever handle passage set and a pair and a half of butts  1    ea     
☐ CPL standard prefinished wood 3’-0”x7’-0” flush door in clear anodized aluminum frame with integral 1’-8” sidelight, lever handle passage set and a pair and a half of butt hinges at service hall  2    ea     
☐ Door closer & installation at new egress door  1    ea     
☐ Door closer & installation at BSL-1, BSL-2, ENG-1, ENG-2, DNA Room, and Service Hall  7    ea     
☐ Door gaskets and drop sweeps at BSL-2 (only)  1    set     
☐ Kickplates, 36”w x 10”h at BSL-1, BSL-2, Eng-1, Eng-2, DNA, and Ship & Receive  6    set     
☐ 48”x42” storefront sidelights, clear anodized aluminum  18    ea     
☐ Vision obscuring “frost” film at manufacturing vestibule entry  35    sf     
                
  CEILINGS             
☐ Rework existing suspended, acoustic ceiling with CPL upgraded acoustic ceiling tile and 15/16” metal grid. Armstrong #2767 “Second Look II” at conference and boardroom  281    sf     
☐ Rework existing 15/16” grid and replace existing ACT with vinyl faced ceiling tile at ENG-1, ENG-2, Shipping & Receiving, and Service Hall  2648    sf     
☐ Vinyl faced ceiling tile with 1 1/2” heavy duty grid at BSL-1, BSL-2, and DNA labs  2343    sf     
☐ Gaskets and hold-down clips for vinyl ceilings at BSL-1, BSL-2, and DNA labs  2343    sf     
  Subtotal          $90,312 
  Furnishings/Casework             
  OFFICE AREA  1          
☐ Modify cabinets for dishwasher       ls     
                
  BSL-1 LABORATORY  6          
☐ Lab bench base cabinets, 22” or 24” nominal depth  6    lf     
☐ Installation of lab bench  6    lf     
☐ Black resin tops, 30” nominal depth  6    lf     
☐ Installation of tops       lf     
                
  BSl-2 LABORATORY  6          
☐ Lab bench base cabinets, 22” or 24” nominal depth  6    lf     
☐ Installation of lab bench  6    lf     
☐ Black resin tops, 30” nominal depth  6    lf     
☐ Installation of tops       lf     
                
  DNA ROOM  6          
☐ Lab bench base cabinets, 22” or 24” nominal depth  6    lf     
☐ Installation of lab bench  6    lf     
☐ Black resin tops, 30” nominal depth  6    lf     

 

- 5 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
☐ Installation of tops       lf     
                
  Misc.  1          
☐ Restocking charge for approx. 249 If of laboratory cabinets and countertops deleted from scope of work       ls     
  Subtotal          $62,655 
                
  Plumbing             
  OFFICE AREAS             
☐ Rough plumbing for dishwasher       set     
☐ Dishwasher       set     
☐ Install dishwasher and finish plumbing  1.5    hrs     
                
  LABORATORY /\ND MANUFACTURING             
☐ 80 gal water heater, electric       ea     
☐ Tempering valve       ea     
☐ Potable tempered water piping for emergency showers & eyewash, copper, insulated  107    If     
☐ Tempered water recirculation piping  53    If     
☐ Tempered water recirculation pump       ea     
☐ Rough plumb for combo emergency shower/ eye wash  3    ea     
☐ Combo emergency shower/ eye wash  3    ea     
☐ Floor drain (Note: trap primer is NOT included)  1    ea     
☐ Rough plumbing for drain  1    Is     
☐ Floor coring (up to 4” diameter)  4    ea     
☐ Backflow preventer, 3/4 or 1” RPZ valve with overflow drain located in mechanical closet       ea     
☐ 35 gal water heater, electric, non-potable             
☐ Non-potable cold water  118    If     
☐ Non-potable hot water, with insulation  96    If     
☐ Acid waste piping, polypropylene  92    If     
☐ Acid waste vent piping, polypropylene  101    If     
☐ Acid neutralization tanks, 5 gal. w/ sampling port and 10ft of polypro  3    set     
☐ 4” block containment curb and epoxy at mechanical closet       Is     
☐ Pipe marking       Is     

 

- 6 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
☐ Rough plumbing, sinks  5    set     
☐ (1/2” hot & cold N.P. supply w/ 1 ½” poly drain)             
☐ Sink, resin undermount  3    ea     
☐ High neck faucet with wrist blade/paddles handles  3    set     
☐ Hand wash sink, stainless steel wall mount with faucet  2    ea     
☐ 4 x 4 painted plywood back board for specialized water system at BSL-1 lab       Is     
☐ Rough plumbing for specialized water system (1/2” cold N.P. supply, terminates with ball valve and 4” stub at 60”aff at BSL-1       set     
  NOTE: Purified water system to be supplied and installed by others             
  NOTE: Rough plumbing for glass washer is not provided, but available at additional cost             
  NOTE: Rough plumbing for ice maker is not provided, but available at additional cost             
  NOTE: No compressed air system is included. Compressed air systems including: compressor, filters, regulators, control valves and gauges to be supplied and installed by others if desired.             
  NOTE: No vacuum system is included. Vacuum systems including: vacuum pump, filters, regulators, control valves, and gauges to be supplied and installed by others if desired.             
  NOTE: No Specialty gas(He, N 2 , CO2 , etc.) systems are included. Specialty gas systems including: Gas bottles, dewars, manifolds, regulators, control valves and gauges to be supplied and installed by others if desired.             
  Subtotal          $42,754 
                
  Mechanical             
  MECHANICAL: OFFICES             
☐ Existing building standard HVAC -water source heat pumps (WSHP)  34    ton   n/c 
☐ Rework existing HVAC distribution  16    hr     
                
  MECHANICAL: IT CLOSET             
☐ Existing ductless split system to remain “as is”  2    ton   n/c 
                
  MECHANICAL: SHIPPING & RECEIVING, ENG-1, ENG-2, and SERVICE CORRIDOR             
☐ Drop and relocate unit and main distribution trunk  2    ea     
☐ Existing water source heat pumps (WSHP)  10    ton   n/c 
☐ Rework existing HVAC distribution  1    ls     
  NOTE: Additional cooling may be required due to client equipment load             
  NOTE: No supplemental humidification is provided             
  NOTE: No supplemental filtration beyond the individual unit’s standard 30% pleated filter is provided             
  NOTE: No provisions for room pressurization (negative or positive) is provided             
                
  MECHANICAL: BSL-1, BSL-2, and DNA             
☐ Demolition of 4-ton unit and associated ducting, piping, and wiring  1    ea     
☐ Exhaust fan 600 cfm with spark resistant housing and fan blades for DNA  1    ea     

 

- 7 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
☐ Exhaust fan 1800 cfm with spark resistant housing and fan blades for BSL-1 and BSL-2  1    ea     
☐ Modify existing vent/duct to roof, galv w/ PCD coating, 10” to 16” diameter  2    ea     
☐ Additional duct sealing  1    ls     
☐ Platform curb to support fans  1    ea     
☐ Flashing & re-roofing  1    ea     
☐ Upblast stack 10’ above roof (total ht.)  2    ea     
☐ VFD motor starter/ wire/ disconnect/ switch  2    ea     
  NOTE: Reduces exhaust after hours by automatic control dampering of the air supply from the MUA while simultaneously slowing the exhaust fans             
☐ Wiring labor & mat’l  2    set     
☐ Rig material to roof  1    ls     
☐ Make-up air unit (MUA), gas fired with DX cooling (Aaon or similar), basic factory package  12    ton     
☐ Opening and closing shaft on floors 5 & 6 for new supply ducting  1    ls     
☐ Demolition of existing exhaust ducting  1    ls     
☐ MUA supply distribution ductwork  12    ton     
☐ Platform curb to support compressors  1    ea     
☐ Flashing & re-roofing  1    ea     
☐ Fire stopping at penetrations  1    ls     
☐ Blocking  1    ls     
☐ Controls: Occupied/unoccupied control switching to provide day/night setback  1    ls     
  NOTE: Reduces exhaust after hours by automatic control dampering of the air supply from the MUA while simultaneously slowing the exhaust fans             
☐ Electric reheat coils (EHC) in ducts at DNA room, BSL-2 lab, and BSL-1 lab  3    ea     
☐ Magnahelic gauges for pressure verification at BSL-2 (only)  1    set     
☐ Wiring labor & mat’I for MUA  1    ls     
☐ EHC control and power wiring  1    ls     
☐ Natural gas service and meter  1    ls     
  NOTE: Meter & service deposit, if required, by customer             
  NOTE: Reuse existing gas riser from meter to roof             
☐ Additional natural gas piping to MUA at roof - black steel, 1 1/4” diameter  65    lf     
☐ Rig mat’l to roof  1    set     
☐ Air balancing report for MUA  1    ls     
  NOTE: Exhaust fans and MUA to operate continuously 24hrs/7days with night setback.             
  NOTE: Typical industry standard for positive/negative pressure differential in laboratories is typically in the 25 to 50 pascal range (i.e. +0.100 to +0.201 inches of water column).             
  NOTE: Additional cooling may be required due to client equipment load NOTE: No supplemental humidification is provided             

 

- 8 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
  NOTE: No supplemental filtration beyond the individual unit’s standard 30% pleated filter is provided             
  NOTE: No specialized controls included beyond the basic factory package is provided, but available at additional expense             
  Subtotal          $161,745 
                
  Electrical             
  ELECTRIC - POWER             
☐ Existing 600A of 120/208V service (in three separate 200A panels)  1    ls   n/c 
☐ Additional 200A of 120/208V service  2    ea     
☐ Existing standard office electrical receptacles  14809    sf   n/c 
☐ 110V/20A duplex outlets, standard wall mount, dedicated for dishwasher  1    ea     
☐ 110V/20A quad outlets, standard wall mount, dedicated at labs above counters  17    ea     
☐ Drop-cord outlet, includes celling escutcheon, strain relief spring, cable, metal quad junction box, two duplex outlets with cover plate on a single 120V/20A dedicated circuit. One each at BSL-1, BSL-2, DNA Room, ENG-1, and ENG-2. Final locations TBD  7    ea     
☐ 110V/20A dedicated circuit and 5-20R receptacles for equipment e.g. bio-safety cabinets, refrigerators, freezers, etc  4    ea     
☐ 208V/1ph/20A dedicated circuit and L6-20R receptacle for equipment e.g. -80 freezer, etc  4    ea     
☐ Additional 208V/1ph/20A dedicated circuit and L6-20R receptacles Final locations TBD  8    ea     
☐ Rework existing electrical power distribution  72    hr     
☐ Electrical outlet gaskets at BSL-1, BSL-2, and DNA  3    set     
  NOTE: No standby generator power is included, but is available at additional expense             
  NOTE: No additional specialty electric requirements provided by client.             
                
  ELECTRIC - LIGHTING             
☐ Sealed fluorescent light fixtures, clean room type, 2x4 lay-in with prismatic lens at BSL-1 lab, BSL-2 lab, and DNA room  26    ea     
☐ Fluorescent light fixtures, 2x4 lay-in with prismatic lens at ENG-1 and ENG-2  18    ea     
☐ Fluorescent light fixtures, 2x4 lay-in with prismatic lens at service corridor  9    ea     
☐ Additional for 3-way switching at open office areas  2    ea     
☐ Additional for 4-way switching at service hall and back office corridor  2    ea     
☐ Rework existing electrical lighting  48    hr     
                
  ELECTRIC – VOICE/DATA             
  NOTE: All voice I data wiring by others             
  NOTE: All audio visual cabling and equipment by others             
Subtotal          $60,002 

 

- 9 -

 

Construction Specifications - Amended LexaGene, Inc. 

500 Cummings Center, Suite 4550, Beverly, MA 

Date: 18 Dec ‘17 

Amended: 18 Jan ‘18 

 

NSM*  Qty   UOM  LexaGene
Costs		 
  Fire Protection             
☐ Fire sprinklers, new or relocated head  33    ea     
☐ Fire watch during sprinkler dump & fill cycle  3    ea     
☐ Fire alarm devices, includes programming  6    ea   n/c 
☐ LED emergency backup lights with battery pack  8    ea   n/c 
☐ Emergency LED exit lights  6    ea     
  Subtotal          $7,790 
                
  Management and Misc.             
☐ Dumpster and disposal fees  1    ls     
☐ Set-up / mobilization / final clean  1500    sf     
☐ Permits: Building, sheet metal, electrical, and plumbing  1    ls     
☐ Architectural and engineering fees  122    hrs     
☐ Drafting services  90    hrs     
☐ Purchasing services for non-standard items  42    hrs     
☐ Supplemental project supervision and coordination  128    hrs     
☐ Required overtime or other special conditions, skilled labor  24    hrs     
☐ Required overtime or other special conditions, general labor  72    hrs     
  Subtotal          $84,293 
  Construction Total:          $535,475 
  CPL Contribution:          $178,492 
  TOTAL CHARGE:          $356,983 

 

NOTES:

 

1.       No representation is made as to the suitability of this construction for LESSEE’s use or occupancy.

 

2.       All dimensions, manufacturers and quantities are approximate and any actual variance

 

3.       Connection of LESSEE supplied equipment is not included unless noted.

 

4.       Maintenance of non-building standard leasehold equipment is the responsibility of LESSEE unless noted otherwise in the lease.

 

5.       LESSEE is responsible for obtaining all other permits and approvals specific to its use.

 

6.       Compliance with licensing and certification is the responsibility of LESSEE.

 

7.       Additional costs will be incurred if scope of work expands from what is noted in above specifications.

 

8.       Refurbished cabinets, if available, may be utilized at LESSOR’s discretion

 

9.       This quote is valid for 30 days from date of issue

 

*NSM refers to non-standard maintenance items