1
EXHIBIT 10.7(c)
FIRST AMENDMENT TO LEASE AGREEMENT
This is the First Amendment ("Amendment") to the Lease Agreement ("Lease
Agreement") made and entered into by and between Plaza Del Oro Business Center
and Introgen Therapeutics, Inc. with an effective date of June 7, 1996.
For $10.00 and other good and valuable consideration, including exercise by
Tenant of its initial six month option to extend, Landlord and Tenant agree to
amend the Lease Agreement by adding the following language at the end of
subparagraph O of Article II of the Lease after the sentence ending with the
word "hereunder":
Provided that Tenant exercises its first option to extend for a six month
period as provided above, Tenant is hereby granted a second option to
extend the term of this Lease for an additional six month period (the
"Second Extension Term") upon the same terms and conditions as herein
contained, provided, Tenant gives Landlord written notice of Tenant's
election to extend its option for the Second Extension Term at least sixty
days prior to the expiration of the initial extended term. Further,
provided that Tenant has exercised its options for the initial extended
term and for the Second Extension Term, Tenant is hereby granted an option
to extend the term of this Lease for an additional six month period (the
"Third Extension Term") upon the same terms and conditions as herein
contained, provided, Tenant gives Landlord written notice of Tenant's
election to exercise its option for a Third Extension Term at least sixty
days prior to the expiration of the Second Extension Term. The rental to be
paid for each of the three six month extended terms shall be an amount
equal to the rental to be paid for the initial term hereunder.
Except as herein amended, the Lease Agreement shall remain in full force
and effect. Landlord confirms that Tenant has timely exercised its option for
the initial six month extension term.
Executed to be effective as of the 9 day of May, 1997.
▇▇▇ ▇. ▇▇▇▇▇▇▇, dba
PLAZA DEL ORO BUSINESS CENTER
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇
--------------------------
▇▇▇ ▇. ▇▇▇▇▇▇▇
INTROGEN THERAPEUTICS, INC.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇
--------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇
------------------------
Title: VP-Administration
-----------------------
