Exhibit 10.1
FIRST LEASE AMENDMENT
Between
BENAROYA CAPITAL COMPANY, LLC
And
TARGETED GENETICS CORPORATION
This First Lease Amendment is attached to and made part of that certain Lease
dated October 7, 1996 (the "Lease"), by and between Benaroya Capital, LLC., a
Washington limited liability company, hereinafter called Lessor ("Lessor"), and
Targeted Genetics Corporation, a Washington corporation, hereinafter called the
Lessee ("Lessee"), covering Suite 100 (4,720 RSF) located in the property
commonly known as Metropolitan Park West and located at 0000 Xxxxx Xxx, Xxxxxxx,
Xxxxxxxxxx, (the "Premises"). The Premises are more particularly described in
the Lease. The terms used herein shall have the same definitions as set forth in
the Lease.
Whereas, pursuant to Section 6, Exhibit G, Riders to Lease, Lessor has exercised
its option to recapture the 105 rentable square feet of Additional Space for
Lessee as illustrated on Exhibit A, Floor Plan of premises of the Lease.
Now, therefore, in consideration of the mutual covenants and promises contained
in this First Lease Amendment and the Lease, Lessor and Lessee agree as follows:
1. Section 1, Premises. Section 1, Premises, of the Lease is hereby amended
to increase the Premises' rentable square feet to 4,825, effective January
1, 1997.
2. Section 3, Monthly Minimum Rent. Section 3, Monthly Minimum Rent is
amended as follows:
Period Monthly Minimum Rent
------ --------------------
1/10/97 - 12/31/99 $7,568.00
1/01/00 - 12/31/01 $7,869.00
1/01/02 - 03/31/04 $8,974.00
3. Section 10, Additional Rent and Monthly Operating Expense Adjustments.
Section 10, Additional Rent and Monthly Operating Expense Adjustments, of
the Lease is hereby amended to increase Lessee's pro-rata share of
Operating Expenses to 1.528%.
4. Except as otherwise modified by the terms of this First Lease Amendment,
all other terms and conditions of the Lease remain unchanged and in full
force and effect.
DATED this 12th day of May, 1997.
LESSOR: LESSEE:
BENAROYA CAPITAL COMPANY, LLC TARGETED GENETICS CORPORATION
/s/ Xxxxx X. Xxxxxxxx /s/ Xxxxx X. Xxxxxxx
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By: Xxxxx X. Xxxxxxxx By: Xxxxx X. Xxxxxxx
Its: Manager Its: CFO
STATE OF WASHINGTON ]
] ss.
COUNTY OF KING ]
I certify that I know or have satisfactory evidence that Xxxxx X. Xxxxxxxx
is the person who appeared before me, a Notary Public in and for the State of
Washington duly commissioned and sworn, and acknowledged that he is the Manager
of Benaroya Capital Company, LLC, a Washington limited liability company, who
executed the within and foregoing instrument, and acknowledged the instrument to
be the free and voluntary act and deed of said company for the uses and purposes
therein mentioned, and on oath stated that affiant is authorized to execute said
instrument on behalf of said company.
IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the
day and year first above written.
/s/ Xxxxxxxx Xxxxxxx
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Notary Public in and for the State of Washington
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Residing at Issaquah
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Commission expires 11-4-1999
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Print Name Xxxxxxxx Xxxxxxx
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STATE OF WASHINGTON ]
] ss.
COUNTY OF KING ]
I certify that I know or have satisfactory evidence that Xxxxx X. Xxxxxxx
is the person who appeared before me, a Notary Public in and for the State of
Washington duly commissioned and sworn, and acknowledged that he is the CFO of
Targeted Genetics Corporation, a Washington limited liability company, who
executed the within and foregoing instrument, and acknowledged the instrument to
be the free and voluntary act and deed of said company for the uses and purposes
therein mentioned, and on oath stated that affiant is authorized to execute said
instrument on behalf of said company.
IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the
day and year first above written.
/s/ Xxx X. Case
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Notary Public in and for the State of Washington
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Residing at Seattle, Washington
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Commission expires 10/29/97
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Print Name Xxx X. Case
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