EXHIBIT 10.24.6
AMENDMENT TO MORTGAGE
Reference is made to that certain Mortgage and Security Agreement and
Assignment of Leases and Rents dated as of March 2, 2001 (the "Mortgage") from
ArQule, Inc., a Delaware corporation (the "Mortgagor") to Fleet National Bank
(the "Mortgagee"). The Mortgage was recorded with Middlesex (South) Registry of
Deeds, in Book 32475, Page 326, and filed for record with Middlesex South
Registry District of Land Court as Document No. 1164614. The Mortgage is hereby
amended:
1. By providing that all references in the Mortgage to the "Loan
Agreement" will be deemed to refer to the Loan Agreement described therein, as
amended from time to time.
2. By providing that all references in the Mortgage to the "Mortgage
Notes" or to any "Mortgage Note" will be deemed to refer to the Facility One
Term Note (as defined in the Mortgage), the Facility Two Term Note (as defined
in the Mortgage) and that certain $2,500,000 face principal amount promissory
note of even date herewith (the "Facility Three Term Note") made by the
Mortgagor and payable to the order of the Mortgagee.
Except as expressly amended hereby, the Mortgage remains in full force
and effect as heretofore.
Executed, as an instrument under seal, as of this ___ day of September,
2002.
ARQULE, INC.
By:
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Name:
Title:
FLEET NATIONAL BANK
By:
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Name:
Title:
Commonwealth of Massachusetts)
County of ) ss.
On this ____ day of September, 2002, before me personally appeared
________________, to me personally known, who being by me duly sworn, did say
that he/she is the _____________ of ArQule, Inc.; and he/she acknowledged the
foregoing instrument to be the free act and deed of said corporation.
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NOTARIAL SEAL Notary Public
My commission expires:
Commonwealth of Massachusetts )
County of ) ss.
On this _____ day of September, 2002, before me personally appeared
___________________, to me personally known, who being by me duly sworn, did say
that he/she is a ____________ of Fleet National Bank; and he/she acknowledged
the foregoing instrument to be the free act and deed of said bank.
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NOTARIAL SEAL Notary Public
My commission expires:
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