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THIRD LEASE AMENDMENT AND TERMINATION AGREEMENT

Lease Termination Agreement

THIRD LEASE AMENDMENT AND TERMINATION AGREEMENT | Document Parties: ICOS CORP | BENAROYA CAPITAL COMPANY, LLC You are currently viewing:
This Lease Termination Agreement involves

ICOS CORP | BENAROYA CAPITAL COMPANY, LLC

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Title: THIRD LEASE AMENDMENT AND TERMINATION AGREEMENT
Date: 11/3/2005
Industry: Biotechnology and Drugs     Sector: Healthcare

THIRD LEASE AMENDMENT AND TERMINATION AGREEMENT, Parties: icos corp , benaroya capital company  llc
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Exhibit 10.2

 

THIRD LEASE AMENDMENT AND TERMINATION AGREEMENT

 

Between

 

BENAROYA CAPITAL COMPANY, LLC

 

and

 

ICOS CORPORATION

 

This Third Lease Amendment and Termination Agreement dated August 11, 2005 is attached to and made part of that certain Lease dated May 20 th , 1997, as amended by that First Lease Amendment dated February 18, 1998 and by that certain Second Lease Amendment dated August 13, 2001 (collectively the “Lease”) between Benaroya Capital Company, LLC., a Washington limited liability company, as Lessor (“Lessor”) and ICOS Corporation., a Delaware corporation, as Lessee (“Lessee”) in the Building known as Canyon Park – 4, at 2222 220 th Street SE in Bothell, Washington (the “Premises”). The Premises are more particularly described in the Lease.

 

The terms used herein shall have the same definitions as set forth in the Lease.

 

RECITALS

 

 

 

In addition to the above referenced “Lease”, the parties have also entered into a lease covering space adjacent to the Premises. That adjacent space lease was dated September 6, 2000, which Lease is hereafter referred to as the “Adjacent Lease”.

 

 

 

Together the Lease and the Adjacent Lease cover the entire Building

 

 

 

Both the Lease and the Adjacent Lease are scheduled to terminate on March 31, 2006

 

 

 

The parties desire to merge the provisions of the leases resulting in one lease covering the entire Building.

 

 

 

Contemporaneously with the execution of this Third Lease Amendment the parties will execute a First Lease Amendment to the Adjacent Lease expanding the Premises thereunder to incorporate the Premises under this Lease and also extending its term.

 

NOW THEREFORE, in


 
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