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ASSIGNMENT OF LEASE AGREEMENT

Lease Assignment Agreement

ASSIGNMENT OF LEASE AGREEMENT | Document Parties: ONCOTHYREON INC. | 221 E 6th ST, LLC | Biomira Inc | Biomira, Biomira Acquisition Corporation | ProlX Pharmaceuticals Corp You are currently viewing:
This Lease Assignment Agreement involves

ONCOTHYREON INC. | 221 E 6th ST, LLC | Biomira Inc | Biomira, Biomira Acquisition Corporation | ProlX Pharmaceuticals Corp

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Title: ASSIGNMENT OF LEASE AGREEMENT
Date: 9/12/2007

ASSIGNMENT OF LEASE AGREEMENT, Parties: oncothyreon inc. , 221 e 6th st  llc , biomira inc , biomira  biomira acquisition corporation , prolx pharmaceuticals corp
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Exhibit 10.30

ASSIGNMENT OF LEASE AGREEMENT

        THIS ASSIGNMENT AGREEMENT, effective on February 1, 2007 (this " Agreement "), is among ProlX Pharmaceuticals Corp., assignor (" ProlX "), ProlX Pharmaceuticals Corp., co-assignee (" Successor ProlX "), Biomira Inc., co-assignee (" Biomira "), and 221 E. 6 th ST, LLC (" Landlord "). Capitalized terms used but not defined in this Agreement will have the respective meanings ascribed to such terms in the Commercial lease Agreement dated March 26, 2004 between Landlord and ProlX Pharmaceuticals Corp. (" ProlX ") (the " Lease "). The parties acknowledge the lease term is April 1, 2004 through and including March 31, 2011 with one option to renew for a 3-year period.


BACKGROUND

        ProlX has been acquired by Biomira pursuant to that certain Agreement and Plan of Reorganization by and among Biomira, Biomira Acquisition Corporation, ProlX, and certain stockholders of ProlX. ProIX now wishes to assign the Lease to the new corporate entity that is ProlX's legal successor, also called ProlX Pharmaceuticals Corp., co-assignee, (" Successor ProlX ") as well as to assign the lease to Biomira Inc., co-assignee (" Biomira "), and Landlord consents to such assignment.

The parties therefore agree as follows:

  • 1)
    Consent to Assignment . Pursuant to Section 28 of the Lease, Landlord hereby irrevocably consents to the assignment of the Lease by ProlX to Successor ProlX and Biomira as co-assignees.

    2)
    Assumption of ProlX's Obligations in the Lease . Successor ProlX and Biomira, as co-assignees, irrevocably assume and agree, as of February 1, 2007, to pay, perform, observe and discharge as and when due all liabilities under the Lease that were previously ProlX liabilities.

    3)
    Full, Joint and Several Liability . ProlX, assignor as well as Successor ProlX and Biomira, co-assignees, each agree to be f

 
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