Exhibit 10.1
AMENDMENT TO ELLIOTT BAY OFFICE
PARK OFFICE LEASE
THIS AMENDMENT TO LEASE
(“Amendment”) is made this 21st day of November, 2008,
by and between SELIG HOLDINGS COMPANY, LLC, a Washington limited
liability company (“Lessor”) and successor in interest
to Selig Real Estate Holdings Six, a Washington general
partnership, and PONIARD PHARMACEUTICALS, INC., a Washington
corporation formerly known as NeoRx Corporation, Inc.
(“Lessee”).
RECITALS
A.
Lessor’s predecessor in
interest and Lessee entered a lease agreement dated
February 15, 2002 (the “Lease”), as amended by
letter dated July 21, 2006 to reflect Lessee’s change of
name, with respect to certain leasehold premises described as
Suite 500 of Elliott Bay Office Park, 300 Elliott Avenue West,
Seattle, Washington 98119, located on real property in the City of
Seattle that is more particularly described as follows:
Parcel A: All of Block 9, D.T.
Denny’s Waterfront Addition to the City of Seattle, according
to the plat recorded in Volume 2 of Plats, Page 61, records of
King County, Washington; and
Parcel B: Block 161, Seattle
Tidelands, records of King County, Washington.
The leased premises consist of
approximately 20,764 rentable square feet of space.
B.
The term of the Lease is for 84
months commencing July 26, 2002. The Lease also grants
to Lessee an option to renew the term of the Lease for an
additional term of five (5) years on the terms and conditions
that are set forth in the Lease. The Lease is in full force
and effect.
C.
The parties desire to amend the
Lease to extend the initial term and adjust the rent for the
remainder of the initial term, and to confirm Lessee’s option
to renew the term of the Lease as amended.
Now therefore, for good and valuable
consideration, the receipt and sufficiency of which are
acknowledged, the parties agree as follows:
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