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Exhibit 10.49
FIRST AMENDMENT TO
LEASE AGREEMENT
THIS FIRSTAMENDMENT TO LEASE AGREEMENT (this
"Amendment" ) is made and entered as of
February 6, 2004 (the "Effective Date" )
by and between ARE-5100/5110 CAMPUS DRIVE, L.P., a Delaware limited
partnership ( "Landlord" ) and GENAERA CORPORATION, a
Delaware corporation ( "Tenant" ).
RECITALS
A. Landlord and Tenant have previously entered into that certain
Lease Agreement dated as of December 13, 2001 (the
"Agreement "), whereby Tenant extended its right to
occupy the certain premises located at 5110 Campus Drive, Plymouth
Meeting, Pennsylvania, as more particularly described in the
Agreement, beyond the term of the "Prior Lease" (as such term is
defined in the Agreement).
B. Landlord and Tenant now desire to amend the Agreement on and
subject to the terms and conditions set forth herein to confirm the
"Term" of the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein, Landlord and Tenant agree as
follows:
1. Term . The "Commencement Date" shall be
December 1, 2001 and the "Term" shall be the "Base Term" (as
such terms are defined in the Agreement). The Agreement shall
therefore expire on November 30, 2007.
2. Miscellaneous
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