Exhibit 10.7A

 

AMENDMENT NO. TWO
TO BUILD-TO-SUIT LEASE

 

THIS AMENDMENT NO. TWO (“Amendment”) is made and entered into as of
January 31, 2005 by and between SLOUGH BTC, LLC, a Delaware limited liability
company (“Landlord”) and RIGEL PHARMACEUTICALS, INC., a Delaware corporation
(“Tenant”).

 

RECITALS

 

A.            Landlord and Tenant are partners to that certain Build-To-Suit
Lease dated as of May 16, 2001 (the “Original Lease”), as amended by the
Amendment No. One to Build-to-Suit Lease dated October 18, 2002 (the “First
Amendment”, and the Original Lease and the First Amendment being referred to
herein collectively as the “Lease”), pursuant to which Landlord leased to
Tenant, and Tenant leased from Landlord approximately 146,910 square feet in the
Britannia Oyster Point business park.

 

B.            The parties wish to amend the Lease to provide for, inter alia,
(i) a decrease in the amount of $963,109 in the Tenant Improvement Allowance to
be provided by Landlord, and (ii) a credit of $963,109 against the rent deferral
payment of $2,290,000 due on the first day of Month 25 (February 1, 2005) under
Section 3 of the First Amendment, all subject to the terms and conditions set
forth herein.

 

C.            Unless otherwise defined herein, all capitalized terms have the
meanings assigned to them in the Lease.

 

THEREFORE, the parties agrees as follows:

 

1.             Decrease in Tenant Improvement Allowance.  The Tenant Improvement
Allowance, as adjusted by Section 1 of the First Amendment, is hereby decreased
by $963,109.

 

2.             Rent Deferral Payment.  The $2,290,000 rent deferral payment due
on February 1, 2005 is hereby reduced to $1,326,891.

 

3.             No Further Modifications.  Unless otherwise defined herein, the
terms and provisions of the Lease shall remain unmodified and in full force and
effect.

 

[signatures follow on next page]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment No. Two as of the
date first set forth above.

 

 

LANDLORD:

SLOUGH BTC, LLC,

 

a Delaware limited liability company

 

 

 

By:

SLOUGH ESTATES USA INC.,

 

 

a Delaware corporation, Its Managing Member

 

 

 

 

 

 

 

 

By:

/s/ Jonathan M. Bergschneider

 

 

 

Jonathan M. Bergschneider

 

 

 

 

 

 

Its:

Vice President

 

 

 

 

 

 

TENANT:

RIGEL PHARMACEUTICALS, INC.

 

a Delaware corporation

 

 

 

 

 

 

By:

/s/ James Welch

 

 

 

 

Its:

CFO

 

 

 

 

 

 

 

By:

 

 

 

 

 

Its:

 

 

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