Exhibit 10.15.2
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE dated
as of this 29 th day of June, 2007 by and between BOSTON
PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership
(“Landlord”) and PAREXEL INTERNATIONAL LLC, a Delaware
limited liability company (as successor-in-interest to Parexel
International Corporation “Tenant”).
RECITALS
WHEREAS, by lease dated
November 17, 1998 (as amended by the letter agreement
described below, the “Lease”) Landlord did lease to
Tenant and Tenant did hire and lease from Landlord certain premises
containing 129,199 square feet of rentable floor area (the
“Rentable Floor Area of the Initial Premises”) in the
building (the “Building”) known as and numbered 200
West Street, Waltham, Massachusetts (referred to in the Lease as
the “Premises” or “Tenant’s Space”
and hereinafter sometimes referred to as the “Initial
Premises”).
WHEREAS, Landlord and Tenant entered
into a certain letter agreement dated June 15, 2001 regarding
Tenant’s leasing of an additional 18,545 square feet of
rentable floor area (the “Rentable Floor Area of the
Expansion Premises”) located on the first (1 st ) floor of the
Building (the “Expansion Premises”) pursuant to
Section 2.1.3 of the Lease. The Initial Premises and the
Expansion Premises are hereinafter referred to collectively as the
“Existing Premises” and the Rentable Floor Area of die
Initial Premises and the Rentable Floor Area of the Expansion
Premises are hereinafter referred to collectively as the
“Rentable Floor Area of the Existing Premises.”
WHEREAS, on or about the date hereof,
Landlord and Tenant have executed or will execute a certain lease
amendment (the “195 West Street Lease Amendment”) with
respect to Tenant’s existing premises in the building known
as and numbered 195 West Street, Waltham, Massachusetts (the
“195 West Street Premises”).
WHEREAS, to provide Tenant with a
period of time within which to complete certain tenant improvements
in the 195 West Street Premises, Landlord and Tenant have agreed to
extend the Term of the Lease upon all of the same terms and
conditions set forth in the Lease except as set forth in this First
Amendment to Lease (the “First Amendment”).
WHEREAS, Tenant has requested that
Landlord reduce the size of the Existing Premises during the
extension period described in the immediately preceding paragraph
by subtracting therefrom the 56,494 square feet of rentable floor
area (the “Rentable Floor Area of the Relinquished
Premises”) shown on Exhibit A attached hereto as the
relinquished premises (the “Relinquished Premises”) so
that the remaining space demised to Tenant under the Lease shall be
the 91,250 square feet of rentable floor area (the “Rentable
Floor Area of the Remaining Premises”) shown on said
Exhibit A as the remaining premises (the “Remaining
Premises”).
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Landlord and Tenant are entering into
this instrument to set forth said agreement to extend the Term of
the Lease, to reduce the size of the Existing Premises and to
further amend the Lease.
NOW, THEREFORE, in consideration of
One Dollar ($1.00) and other good and valuable consideration in
hand this date paid by each of the parties to the other, the
receipt and sufficiency of which are hereby severally acknowledged,
and in further consideration of the mutual promises herein
contained, Landlord and Tenant hereby agree to and with each other
as follows:
1. (a) The Term of the
Lease, which but for this First Amendment is scheduled to expire on
April 30, 2009, is hereby extended for a period commencing on
May 1, 2009 and expiring on August 31, 2009 (the
“Extended Term”), unless sooner terminated in
accordance with the provisions of the Lease or extended pursuant to
the provisions of subsection (b) below, upon all the same
terms and conditions contained in the Lease as herein
amended.
(b) Notwithstanding
the foregoing, in the event that Landlord has not provided Tenant
with written notice that it has “substantially
completed” (as that term is defined in Section 8(C) of
the 195 West Street Lease Amendment) the components of the Base
Building Work (as that term is defined in Section 8(A) of the
195 West Street Lease Amendment) described under the headings
“HVAC System,” “Building Fa V ade” and “Main Exterior Building
Entrance” in Exhibit C to the 195 West Street Lease
Amendment (such components being hereinafter referred to
collectively as the “195 West Street Landlord’s
Work”) on or before August 1, 2009, the Extended Term
shall expire on the date that is thirty (30) days after the
date on which Landlord h
