AMENDMENT NO. 2 TO LEASE
------------------------
THIS AMENDMENT NO. 2 dated June 30, 1995 to LEASE dated November 1,
1990 between Tower Bridge Associates, a Pennsylvania limited partnership
("Landlord"), and U.S. Bioscience, Inc., a Delaware corporation ("Tenant").
BACKGROUND
----------
Landlord and Tenant entered into a Lease dated September 19, 1990 (the
"Lease"), as amended by Amendment No. 1 to Lease dated August 31, 1991, for
approximately 19,875 rentable square feet on the 4th floor, thereafter expansion
of 8,650 rentable square feet and 9,645 rentable square feet on the third and
second floors, respectively, (the "Demised Premises") of One Tower Bridge, 000
Xxxxx Xxxxxx, Xxxx Xxxxxxxxxxxx, Xxxxxxxxxxxx (the "Building"). The current
expiration of the Lease Term for the Demised Premises is October 31, 1995.
Landlord and Tenant are willing to enter into an extension of the term
of the Lease for the 4th and a portion of the 3rd floor now containing 6,479
rentable square feet, upon the terms and conditions hereinafter set forth.
NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby, agree as follows:
1. Demised Premises. Tenant hereby shall continue to hire from
-----------------
Landlord, for an extended lease term of three (3) years beyond the expiration of
the existing lease term ("Extended Lease Term"), upon and subject to all the
provisions, covenants and conditions set forth herein and in the Lease, 19,875
rentable square feet on the 4th floor and approximately 6,479 rentable square
feet on the 3rd floor of the Building, ("Demised Premises"), as shown on
Exhibits "A-1" attached hereto and made a part hereof.
2. Term. The Extended Lease Term with respect to the Demised
----
Premises shall be for a period of three (3) years, commencing on November 1,
1995 and expiring on October 31, 1998.
3. Rent. Commencing on November 1, 1995 through October 31, 1996,
----
the Base Rent for the Demised Premises shall continue at the rate set forth in
the Lease for 4th floor premises of $19.17 per rentable square foot, which,
including 3rd floor premises, amounts to $505,206.18 annually, payable in
advance monthly installments of $42,100.52. For the period November 1, 1996 and
continuing to the end of the Extended Lease Term, the Base Rent shall become
$22.95 per rentable square foot, amounting to $604,824.30 annually, payable in
advance monthly installments of $50,402.05, without deduction or offset, on or
before the first day of each month and as otherwise provided in the Lease.
4. Adjustment of Rent. Tenant shall pay with respect to the Demised
------------------
Premises and this Amendment No. 2 to Lease all Additional Rent as provided in
Sections 6 and 7 of the Lease. The Base Operating Cost Per Square Foot with
respect to the Demised Premises is agreed to be $3.20 per rentable square foot
and the "Base Tax Per Square Foot" with respect to the Demised Premises is
agreed to be $1.10 per square foot. The Rentable Area of the Demised Premises
shall be 26,354 rentable square feet and the Tenant's Share of Rentable Office
Area of the Building with respect to the Demised Premises is 9.8%.
5. Construction in the Demised Premises. Tenant shall accept the
------------------------------------
Demised Premises
in its present condition "as is" and shall be responsible for any costs of
renovation in accordance with plans and specifications prepared by Tenant and
submitted to and approved by Landlord.
6. Reserved Parking. During the Extended Lease Term, Tenant shall
----------------
have the use of ten (10) spaces in the P-1 and/or P-2 reserved parking areas of
the Building.
7. Brokers. Tenant represents and warrants to Landlord that it has
-------
not engaged any broker, finder or other person who would be entitled to any
commission or fees in respect of the negotiation, execution or delivery of this
Amendment, and shall indemnify and hold harmless Landlord against any loss,
cost, liability or expense incurred by Landlord as a result of any claim
asserted by and broker, finder or other person on the basis of any arrangements
or agreements made or alleged to have been made by or on behalf of Tenant.
8. Other Terms and Conditions. All of the other terms and
--------------------------
conditions of the Lease not inconsistent with the provisions of this Amendment
shall apply to the New Demised Premises.
9. Lease Ratified. Except as amended hereby or inconsistent with
--------------
the provisions hereof, the Lease is hereby ratified and confirmed.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on
the day and year first above written.
LANDLORD:
TOWER BRIDGE ASSOCIATES
By /s/ Xxxxxx Xxxxxx
--------------------------------------------
Authorized Officer of Xxxxxx Xxxxxx Xxxxxx
Corporation, General Partner of Xxxxxx Tower
Associates, acting in its capacity as the
Managing General Partner of Tower Bridge
Partnership, the General Partner of Landlord
TENANT:
U.S. BIOSCIENCE, INC.
[CORPORATE SEAL]
ATTEST:
By /s/ Xxxxxx X. Xxxxx
--------------------------------------------
/s/ Xxxxxx X Xxxxxxx Title: Senior Vice President
-------------------------------- ---------------------------------------
EXHIBIT - "A - 1"
-----------------
[ This exhibit contains a diagram of the third and fourth floors of the One
Tower Bridge building reflecting tenant occupancy]
