EX-10.16

EX-10.16 8 glto-ex10_16.htm EX-10.16 EX-10.16

Exhibit 10.16

English Summary of a lease agreement dated November 11, 2024 (the “Lease”) by and between Galecto Biotech ApS (“Galecto”) and Symbion A/S (the “Landlord”)


•		Leased Property: The Lease is for the purpose of office space, with its address: Ole Maaloes Vej 3, DK-2200 Copenhagen N, Denmark.


•		Term: The term started December 1, 2024 and will end on November 30, 2029.


•		Deposit: Galecto must provide a deposit equivalent to three months’ rent (DKK 25,160), excluding VAT for securing its obligations.


•		Permitted Use: The permitted use is for office space.


•		Sublease/Termination: Galecto is not permitted to sublease the property, but may terminate the lease at the beginning of a month with three months’ advance notice.


•		Rent: DKK 129,595 annually, including VAT, based on the rental area of approximately 350 square feet.