EXHIBIT 10.57
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE is made this 4th day of May 2001, by and
between Xxxxxxx Properties, L.P., a California Limited Partnership,
successor-in-interest to WCB II-S BRD Limited Partnership (the "Landlord") and
La Jolla Pharmaceuticals Company, a Delaware corporation (the "Tenant").
WHEREAS, Landlord and Tenant entered into a Lease Agreement executed on
September 6, 1996 (the "Lease"), for certain premises located at Westridge I,
0000 Xxxxx Xxxxx Xxxxx, Xxx Xxxxx, XX (the "Premises"), as more fully described
in the Lease; and
WHEREAS, Landlord and Tenant desire to modify the Lease accordingly;
NOW, THEREFORE, in consideration of the covenants and agreements contained
herein, the parties hereby mutually agree as follows:
1. The term of this Lease shall renew for an additional thirty-three (33)
months commencing November 1, 2001 and expiring July 31, 2004.
2. The monthly Base Rent, net of all operating expenses, shall be as follows:
November 1, 2001 - October 31, 2002 $21,840.00
November 1, 2002 - October 31, 2003 $22,714.00
November 1, 2003 - July 31, 2004 $23,622.00
3. Tenant shall deposit with Landlord an additional Security Deposit in the
amount of $5,600.00. The total Security Deposit for the Premises shall be
$23,600.00.
4. Tenant shall occupy the Premises on an "As-Is" basis. Landlord shall not
provide any tenant improvements for the Premises.
5. Tenant warrants that all necessary corporate actions have been duly taken
to permit Tenant to enter into this First amendment To Lease and that each
undersigned officer has been duly authorized and instructed to execute
this First Amendment to Lease.
6. Except as expressly modified above, all terms and conditions of the Lease
remain in full force and effect and are hereby ratified and confirmed.
LANDLORD: TENANT:
Xxxxxxx Properties, L.P., La Jolla Pharmaceuticals Company,
a California limited partnership a Delaware corporation
By: Xxxxxxx Properties, Inc.,
a Maryland corporation,
its General Partner
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxx
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Xxxxxxx X. Xxxxxx Title Controller and Secretary
Senior Vice President
Date: 5/8/01 Date: 5/4/01
