TENTH AMENDMENT TO LEASE
This Tenth Amendment to that certain Lease (this "TENTH AMENDMENT") dated
as of the 12th day of May, 1997, between Hub Properties Trust, a Maryland
real estate investment trust ("LANDLORD") and Corvas International, Inc., a
Delaware corporation ("TENANT").
WHEREAS, Hartford Accident and Indemnity Company (the "ORIGINAL
LANDLORD") and Corvas, Inc. (the "ORIGINAL TENANT) entered into a certain
lease dated March 28, 1989 of a portion of the premises located at 0000
Xxxxxxx Xxxx Xxxx, Xxx Xxxxx, Xxxxxxxxxx, as amended by certain Lease
Amendments dated March 23, 1990 and May 18, 1990; and
WHEREAS, Corvas International, Inc., a California corporation ("CORVAS")
succeeded to the interests of Original Tenant as set forth in Consent to
Assignment of Lease dated March 13 1991; and
WHEREAS, Original Landlord and Corvas entered into a Third Lease
Amendment dated May 16, 1991; Fourth Lease Amendment dated January 21, 1992;
Fifth Lease Amendment dated April 15, 1992; Sixth Lease Amendment dated July
16, 1992; and Seventh Lease Amendment dated January 18, 1993; and
WHEREAS, Corvas International, Inc., a Delaware corporation ("TENANT")
succeeded to the interests of Corvas as set forth in Consent to Assignment of
Lease dated September 14, 1993; and
WHEREAS, Xxxxxxx Realty I Limited Partnership succeeded to the interests
of Original Landlord; and
WHEREAS, Xxxxxxx and Tenant entered into an Eighth Lease Amendment dated
July 7, 1995 and a Ninth Lease Amendment dated March 15, 1996; and
WHEREAS, Landlord succeeded to the interests of Xxxxxxx as set forth in
Assignment and Assumption of Leases, Contracts and Other Property Interests
dated December 5, 1996; and
WHEREAS, for purposes of this Tenth Amendment, the above-referenced lease
dated March 28, 1989 as amended on March 23, 1990; May 18, 1990; May 16,
1991; January 21, 1992; April 15, 1992; July 16,
1992; January 18, 1993; July 7, 1995; and March 15, 1996 shall be hereinafter
defined collectively as "the LEASE"; and
WHEREAS, Tenant wishes to exercise its option to extend the term of the
Lease and Landlord is willing to agree to such extension upon the terms and
conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the foregoing and for other
consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, Landlord and Tenant agree that the Lease is hereby amended as
follows:
1. The definition of "Termination Date" as set forth in Section II.E.
of the Lease shall be amended by deleting the date "September 30, 1997"
therefrom and inserting the date of "September 30, 1998" in its place.
2. The definition of "Base Rent" as set forth in Section II.G of the
Lease shall be amended by (i) deleting the phrase "Commencing on October 1,
1996" and inserting the phrase "10/01/96-9/30/97," in its place; and (ii)
inserting the following at the end thereof: "10/01/97-09/30/98, $957,961.00."
3. The definition of "Monthly Installments of Base Rent" as set forth
in Section II.H. of the Lease shall be amended by (i) inserting the following
in front of the number "$76,033.44": "10/01/96-09/30/97," and (ii) inserting
the following at the end thereof: "10/01/97-09/30/98, $79,830.00."
4. The definition of "Landlord's Mailing Address" as set forth in
Section II.M. of the Lease shall be deleted in its entirety and the following
inserted in its place: "c/o M&P Partners Limited Partnership, 000 Xxxxxx
Xxxxxx, Xxxxxx, XX 00000 with a copy to Xxxxxxxx & Worcester LLP, Xxx Xxxx
Xxxxxx Xxxxxx, Xxxxxx, XX 00000 Attn: Xxxxxx X. Xxxxxxxxxxx, Esq.".
5. Section II.B.1. and Section II.B.2 of the Lease shall be deleted in
their entirety.
6. Section II.F.1. and Section II.F.2 of the Lease shall be deleted in
their entirety and shall be deemed exercised for the purposes of the first
line of Section II.F.3.
7. Section II.W. (a) of the Lease shall be amended by inserting the
following at the end thereof:
"10/01/96-09/30/97 $30.24;
10/01/97-09/30/98 31.75"
8. Except as herein specifically amended, this Lease is hereby ratified
and confirmed.
IN WITNESS WHEREOF, the parties have hereto executed this Tenth Amendment
the date first above written.
LANDLORD:
HUB PROPERTIES TRUST,
a Maryland real estate investment trust
by: /s/ XXXXX X. XXXXXXX
------------------------
Xxxxx X. Xxxxxxx
Its: President
TENANT:
CORVAS INTERNATIONAL, INC.,
a Delaware corporation
By: /s/ XXXX X. XXXXXXXX
------------------------
Name: Xxxx X. Xxxxxxxx
Its: Executive Vice President
& Chief Financial Officer
