1
Exhibit 10.25
SECOND AMENDMENT TO LEASE AGREEMENT
[Targeted Genetics]
This Second Amendment to Lease Agreement (the "Amendment") is entered into as of
6/12/96 between Ironwood Apartments, Inc., successor in interest to Metropolitan
Federal Savings and Loan Association of Seattle, as Landlord, and Targeted
Genetics, Inc., a Washington corporation, as Tenant, whose address for purposes
hereof is 0000 Xxxxx Xxx, Xxxxxxx, Xxxxxxxxxx 00000.
REPRESENTATIONS
A. Landlord and Tenant, entered into that certain Olive Way Building
Lease for the lease of portions of the Olive Way Building located at
0000 Xxxxx Xxx, Xxxxxxx, Xxxxxxxxxx and dated November 20, 1992
(hereinafter referred to as the "Lease");
B. Landlord and Tenant entered into that certain First Amendment to Olive
Way Lease dated December 10, 1994 (hereinafter referred to as the
"First Amendment");
C. Landlord and Tenant have agreed to certain modifications and
clarifications to the Lease and First Amendment and wish to
memorialize their understanding in this Second Amendment to Olive Way
Lease.
AGREEMENT
NOW, THEREFORE, for the foregoing purposes and in consideration of Ten Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
1. EXPANSION SPACE - EXHIBIT "A". Effective May 1, 1996, Tenant agrees to
lease 3,090 square feet of additional space located in the northwest
corner of the ground floor of the Olive Way Building. The location of
this additional space is shown on the drawing attached hereto as
Exhibit "A" and incorporated herein by this reference. Said additional
space shall be added to the Premises for all purposes under the Lease
as of May 1, 1996.
132
2
Rent for the expansion space shall be as provided in Paragraph 6 of
the Lease, with Base Rent for this space being $13.25 per square foot
as of May 1, 1996 pursuant to Paragraph 6.01.
Tenant shall accept the additional space as is in its present
condition with no Landlord's Work required. Pursuant to Paragraph
11.05 of the Lease, Landlord shall pay to Tenant, the Expansion Space
Tenant Improvement Allowance upon Tenant's occupancy of the space.
2. RATIFICATION. Except as expressly set forth in this Second Amendment,
the Lease and each provision thereof, as amended, is hereby ratified
and affirmed in its entirety.
3. NO FURTHER MODIFICATION. All terms and conditions of the Lease remain
in full force and effect except as modified by this agreement by this
Second Amendment to Olive Way Building Lease. This Second Amendment
shall be construed and interpreted according to the laws of the State
of Washington.
IN WITNESS WHEREOF, this Second Amendment is executed by Landlord and Tenant as
of the date first set forth above.
LANDLORD :
IRONWOOD APARTMENTS, Inc.
By: /s/ Xxxx Xxxxx
Its: President
Date: 6-12-96
TENANT:
TARGETED GENETICS, Inc.
By: /s/ Xxxxx Xxxxxxx
Its: Vice President, Finance
Date: May 22, 1996
133
3
Exhibit "A" [Map of lot]
134
4
TENANT NOTARY
PARTNERSHIP
STATE OF )
)
COUNTY OF )
On this day personally appeared before me , to me known to be the
individual(s) described in and who executed the within and foregoing instruments
as of and acknowledged that they signed the same as their free and
voluntary act and deed on behalf of said for the uses and purposes
therein mentioned.
GIVEN under my hand and official seal this day of , 19
Notary Public in
and for the State of residing at .
CORPORATION
STATE OF Washington )
)
COUNTY OF King )
On this 22 day of May, 1996, before me, the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn,
personally appeared Xxxxx X. Xxxxxxx, to me known to be the Vice President,
Finance, of Targeted Genetics Corporation, the corporation that executed the
foregoing instrument, and acknowledged the said instrument to be the free and
voluntary act and deed of said corporation, for the uses and purposes therein
mentioned and on oath stated that they were authorized to execute the said
instrument and that the seal affixed is the corporate seal of said corporation.
WITNESS my hand and official seal hereto affixed the day and year first above
written.
/s/ Xxx X. Case Notary Public in
and for the State of Washington, residing at Seattle, Washington.
[NOTARY SEAL]
135
5
LANDLORD NOTARY
PARTNERSHIP
STATE OF )
)
COUNTY OF )
On this day personally appeared before me , to me known to be the
individual(s) described in and who executed the within and foregoing instruments
as of and acknowledged that they signed the same as their free and
voluntary act and deed on behalf of said for the uses and purposes
therein mentioned.
GIVEN under my hand and official seal this day of , 19
Notary Public in
and for the State of residing at .
CORPORATION
STATE OF Washington )
)
COUNTY OF Spokane )
On this 12th day of June, 1996, before me, the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn,
personally appeared Xxxx Xxxxx, to me known to be the President of Ironwood
Apartments, Inc., the corporation that executed the foregoing instrument, and
acknowledged the said instrument to be the free and voluntary act and deed of
said corporation, for the uses and purposes therein mentioned and on oath stated
that they were authorized to execute the said instrument and that the seal
affixed is the corporate seal of said corporation.
WITNESS my hand and official seal hereto affixed the day and year first above
written.
/s/ Xxxxxxx X. Xxxxxx Notary Public in
and for the State of Washington, residing at Spokane.
[Notary Seal]
136
