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EXHIBIT 10.3
FIRST AMENDMENT TO LEASE
This first Amendment to Lease dated this 14th day of August, 2000 by and between
Xxxx Corporation, successor in interest to Diamond Parking, Inc., as Lessor and
NeoRx Corporation, a Washington Corporation, as Tenant.
RECITALS
WHEREAS Landlord and Tenant did enter into a Lease dated February 15,
1996, and,
WHEREAS Landlord and Tenant desire to amend said Lease with an effective
date of June 1, 2001, and
NOW THEREFORE, for good and valuable consideration, the sufficiency of
which is hereby acknowledged, Landlord and Tenant do agree as follows:
BASIC LEASE INFORMATION
SECTION 3 - TERM. The extended lease term shall commence on the June 1, 2001 and
shall terminate on May 31, 2006.
SECTION 4 - RENT. Rent for the extended lease term shall be as spelled out in
SECTION 38 (D) AND 38 (E) OF THE ORIGINAL LEASE DATED FEBRUARY 15, 1996.
SECTION 38 - RENEWAL OPTION. Tenant has exercised its final five (5) year
option.
All other terms and conditions of the original Lease dated February 15, 1996
shall remain in full force and effect.
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Re: First Amendment to Lease between
Xxxx Corporation, Lessor and NeoRx Corporation, Tenant
August 11, 2000
Page Two
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
Lease as of the date first written above.
Lessor:
XXXX CORPORATION
By /s/ XXXXX XXXXXXX
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Name:
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Title: President
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Tenant:
NEORX CORPORATION,
A Washington Corporation
By /s/ XXXXXXX X. XXXXXXXX
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Name: Xxxxxxx X. Xxxxxxxx
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Title: President & COO
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