exhibit 10. 3 hq global workplaces service agreement service agreement type : agreement date : may 4, 2005 business center bank details street / floor 4819 emperor blvd., imperial business park - 4th floor name : city : durham sort code : state & zip code : nc, 27703 account number : client details ( not an hq center address ) corporate account o yes pca o yes company name : tranzyme pharmceuticals federal id no. : address : 3001 12th avenue north contact name / title : vipin k. garg, ph. d. state : quebec city : sherbrooke telephone : 819 # # # - # # # - # # # # zip code : j1h 5n4 emergency contact : 919 # # # - # # # - # # # # fax : 819 # # # - # # # - # # # # email address : * * * @ * * * emergency phone : invoicing details ( if different ) contact name / title : accounts payable company name : city : address : zip code : state : fax : telephone : the standard fee ( excluding tax ) office number market office price per month $ monthly office price $ number of workstations total per month $ comments 447 $ 8, 240. 00 $ 6, 180. 00 1 $ 6, 180. 00 please see addendum a, b, c $ 0. 00 455, 456, 457 rent free for may $ 0. 00 $ 2700 rent for month of june $ 0. 00 free rent thereafter until occ. $ 0. 00 of suite 447. $ 0. 00 $ 0. 00 total per month $ $ 6, 180. 00 initial payment : monthly office payment $ 6, 180. 00 service retainer 2 $ 10, 180. 00 monthly taxes rate 0. 00 % $ 0. 00 total initial payment $ 16, 360. 00 monthly payment : total monthly pymt ( excl. of services ) $ 6, 180. 00 length of agreement start date ( mm / dd / yy ) : may 1, 2005 end date ( mm / dd / yy ) : february 28, 2006 comments after first three months, client to have 30 - day notice period to break agreement without penalty. proper written notice required to exercise the break and must end the last day of the month. check here if you