Exhibit 10.58
LICENSE AGREEMENT FOR SPACE AND SERVICES
THIS LICENSE AGREEMENT FOR SPACE AND SERVICES (known as the “Agreement” or the “License”) is made and entered into as of the 8th day of February , 2024, by and among HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company, as licensor (“Licensor”) and SOLENO THERAPEUTICS, INC., a Delaware corporation, as licensee (“Licensee”). Pursuant to the terms of this License, Licensor agrees to license the Licensed Space to Licensee, together with the non-exclusive right to use any portions of the Building designated for the common use of tenants and others (the “Common Areas”).
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A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.
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Licensee acknowledges that it has received the advice of legal counsel with respect to the aforementioned waiver and understands the terms thereof.
Licensor and Licensee have executed this License as of the day and year first above written.
LICENSOR:
HUDSON TOWERS AT SHORE CENTER, LLC,
a Delaware limited liability company
By: | Hudson Pacific Properties, L.P., |
| a Maryland limited partnership, |
| its sole member |
| By: | Hudson Pacific Properties, Inc., | |
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| a Maryland corporation, | |
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| its general partner | |
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| By: | /s/ Kenneth Young |
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| Name: | Kenneth Young |
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| Title: | Senior Vice President, Leasing |
LICENSEE:
SOLENO THERAPEUTICS, INC., a Delaware
corporation
By: | /s/ Jim Mackaness |
Name: | Jim Mackaness |
Title: | Chief Financial Officer |
By: |
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Name: |
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Title: |
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| [secretary] [assistant secretary] [chief financial officer] [assistant treasurer] |
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EXHIBIT A
OUTLINE AND LOCATION OF LICENSED SPACE
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EXHIBIT B
ADDITIONAL PROVISIONS
Accordingly, pursuant to California Civil Code § 1938(e), Licensor hereby further states as follows: “A Certified Access Specialist (CASp) can inspect the Licensed Space and determine whether the Licensed Space complies with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the Licensed Space, the commercial property owner or lessor may not prohibit the lessee, tenant or licensee from obtaining a CASp inspection of the Licensed Space for the occupancy or potential occupancy of the lessee, tenant or licensee, if requested by the lessee,tenant or licensee. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the Licensed Space”.
In accordance with the foregoing, Licensor and Licensee agree that if Licensee requests a CASp inspection of the Licensed Space, then Licensee shall pay (i) the fee for such inspection, and (ii) except as may be otherwise expressly provided in this Agreement, the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the Licensed Space.
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EXHIBIT A
OUTLINE AND LOCATION OF LICENSED SPACE
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