THIS LEASE is made as of this 18 day of May, 1992, between the following parties:
LANDLORD: |
TENANT |
Domino's Farms Holding |
AASTROM Biosciences, Inc. |
LEASE OF PREMISES:
In consideration of the rents to be paid and the covenants and agreements to be performed hereunder, Landlord hereby leases to TENANT and TENANT hereby leases from Landlord the PREMISES (defined below).
SUMMARY OF LEASE TERMS:
The following is intended to summarize certain basic terms of this Lease, and is not intended to be exhaustive. In the event anything set forth in this Summary of Lease Terms ("SUMMARY") conflicts with the other specific provisions of this Lease contained in the Standard Lease Terms, the latter shall be deemed to control.
A. BUILDING:
The office building known as Phase 5 of the Domino's Farms Prairie House Office Complex and located at 24 Frank Lloyd Wright Drive, Ann Arbor, MI 48105.
B. PREMISES:
OFFICE/LABORATORY SQUARE FOOTAGE:
Approximately 4,592 of usable square feet of space.
Location: Office and laboratory space located between column lines 25 and 29, and A and C, on Level 2 of Phase 5. Perimeters of premises are as defined by BOMA (Building Owners& Managers Association) standards, and are as shown on Rider A-1.
Address: 24 Frank Lloyd Wright Drive Ann Arbor, MI 48105
C. TERM:
COMMENCEMENT DATE: |
______1. |
__________, 19 _______ |
|
XX |
2. See Section 3.03 |
EXPIRATION DATE: |
Two years and eight months after Commencement Date, subject to renewal as set forth in Rider D. |
D. RENT:
Months 1 and 2 |
The monthly rental charge will be equal to$2.31 per square foot for utilities, or$883.96. |
Months 3-32 |
The monthly rental charge will be $8,919.96. This amount is equal to $107,039.52 annually, based upon a gross amount of $23.31 per square foot ($21.00 per square foot for rent plus $2.31 per square foot for utilities). |
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