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EXHIBIT 10.2
AMENDMENT OF LEASE
WHEREAS, N.W.A. Limited Partnership ("Landlord") and ILEX Oncology, Inc.
("Tenant") entered into a Lease dated October 16, 1996 covering certain
Premises in the Northwest Atrium Building (the"Building"); and
WHEREAS, Tenant wishes to lease additional space in the Building;
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord and Tenant agree as follows:
1. PREMISES as defined in the Lease are amended to read as follows:
Suite No. 300 deemed to contain 21,036 square feet of Rentable
Area (as hereinafter defined), the same being 18,291 square feet of
Usable Area (as hereinafter defined); and
Effective July 1, 1997, Suite 170 deemed to contain 4,810 square
feet of Rentable Area (as hereinafter defined), the same being 4,183
square feet of Usable Area (as hereinafter defined).
Suites 300 and 170 are outlined on the plan attached to this
Amendment as Exhibit A, and are located in the office building (the
"Building") located on the land described as, NCB 17442, XXX 0, XXX 0,
XX Xxxxxx Xxxx XX-0, Xxxxx Xxxxxx, Xxxxx and known as Xxxxxxxxx Xxxxxx
Xxxxxx Xxxxxxxx, 00000 XX000 Xxxx (xxx "Land").
2. TERM is amended to read as follows:
The period of sixty (60) months commencing February 1, 1997 (the
"Commencement Date") and ending at 5:00 p.m. January 31, 2002 subject to
adjustment or earlier termination as provided in the Lease.
3. BASIC RENTAL is amended to read as follows:
MONTHLY MONTHLY MONTHLY
PERIOD BASE RENTAL RATE/RSF
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1-12
Thru 6/30/97 $21,456.72 $1.02
7/1/97 - 1/31/98 $26,362.92 $1.02
13-24 $27,655.22 $1.07
25-36 $28,947.52 $1.12
37-48 $30,239.82 $1.17
49-60 $31,532.12 $1.22
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4. TENANT'S PROPORTIONATE SHARE is amended to read as follows:
FROM THE COMMENCEMENT DATE THROUGH JUNE 30, 1997:
22.76% which is the percentage obtained by dividing (I) 21,036
square feet of Rentable Area in the Premises by (ii) the total 92,410
square feet of Rentable Area in the Building.
BEGINNING JULY 1, 1997:
27.96% which is the percentage obtained by dividing (I) 25,846
square feet of Rentable Area in the Premises by (ii) the total 92,410
square feet of Rentable Area in the Building.
5. All other terms and conditions of the Lease remain the same.
Executed this ____ day of _________, 1997.
LANDLORD:
N.W.A. LIMITED PARTNERSHIP
By:
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M. Xxxxxxx Xxxxxxx
Vice President of its
General Partner
Xxxxxx Investment Group, Inc.
TENANT:
ILEX Oncology, Inc.
By:
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Xxxxxxx X. Love
President and Chief Executive
Officer
