EXHIBIT 10.9
FIRST AMENDMENT TO LEASE
0000 XXXXXXXX XXXXXX, XXXXXXX, XXXXXXXXXX
THIS FIRST AMENDMENT TO LEASE ("First Amendment") dated as of January 31st,
1997, is entered into by and between Health Science Properties, Inc., a Maryland
corporation ("HSP") and Corixa Corporation, a Delaware corporation ("Corixa")
with regard to the following:
RECITALS
A. HSP and Corixa are parties to that certain Lease dated as of May 31,
1996 ("Lease") pursuant to which Corixa leases from HSP those certain premises
(commonly known as "Suite 470") located on the fourth floor in the building at
0000 Xxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxx, commonly known as the Eklind Hall
Building ("Building"), as more particularly described in the Lease.
B. HSP and Corixa desire to modify the Lease as it applies to Suite 470,
with respect to the Term Expiration Date and the Monthly Rental Installment, all
in accordance with the terms and conditions of the Lease and this First
Amendment. Any capitalized but undefined terms used in this First Amendment
shall have the same meaning set forth in the Lease.
NOW THEREFORE, for valuable consideration, the receipt of which is hereby
acknowledged, the parties agree as follows:
1. Lease Modifications. In exercising this First Amendment, the following
modifications are made to the Lease:
a) Section 2.1.4 and Section 4 of the Lease are hereby modified by
increasing the Monthly Rental Installment from One Thousand Seven
Hundred and Fifty Dollars ($1,750.00) to One Thousand Eight
Hundred and Twenty Dollars ($1,820.00) to be effective February
1,1997, subject to adjustment as provided in paragraph 1.c)
below.
b) Section 2.1.6 (b) of the Lease is hereby modified by extending
the Term Expiration Date to the earlier of: i) September 27,
1998, and ii) the date Corixa commences occupancy of Suite 300
located at 0000 Xxxxxxxx Xxxxxx (commonly known as the Columbia
Building), Seattle, Washington.
c) Section 4 of the Lease is hereby modified by providing that the
Rent shall increase by four percent (4.0%) effective February 1,
1998 and every twelve months thereafter for so long as this Lease
continues in effect.
2. Additional Terms. Except as expressly provided to the contrary in this
First Amendment, the terms and conditions of the Lease shall remain unchanged
and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
as of the date first above written.
HEALTH SCIENCE PROPERTIES, INC. CORIXA CORPORATION
By: /s/ Xxxxx Xxxxx By: /s/ Xxxx XxXxxx
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Name: Xxxxx Xxxxx Name: Xxxx XxXxxx
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Its: Chief Vice President Its: Chief Operating Officer
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