EX-10.18



 Exhibit 10.18 
  





 
 July 17, 2012 
 W. James
Jackson, Ph.D. 
 Vice President 
 EMERGENT PRODUCT DEVELOPMENT
SEATTLE, LLC 
 2273 Research Boulevard, Suite 400 
 Rockville,
MD 20850 
 Dear Dr. Jackson: 
 Please refer to the Office
Lease dated April 28, 2003 and all subsequent addenda and amendments thereto (the “Lease”) for the space Emergent Product Development Seattle, LLC (successor in interest to Trubion Pharmaceuticals, Inc.) occupies within the Fourth and
Battery Building. This letter shall constitute an amendment to that Lease. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Lease. 

It is agreed the lease term is being extended by two (2) years, bringing forth a new lease expiration date of April 30, 2015. The rental rate during
the extended term shall be $30.00 per square foot per year. Additionally, August, 2012 rent for the office space, $123,000.03, shall be forgiven. 
 In
consideration of the foregoing, when the lease expires and Emergent vacates the building, Emergent has no obligation to restore the building’s roof as is currently detailed in the Lease paragraph 8. ALTERATIONS. 

Lease paragraph 42. EXTENSION OPTION, shall be deleted in its’ entirety and replaced with the following: 

42. SHORT TERM EXTENSION OPTION, Lessor hereby grants to Lessee the right to extend the lease term by five (5) years. In such
event, Lessee will provide Lessor with nine (9) months prior written notice. Rent during the five (5) year extended term shall be the same that is in effect at that time increasing by $1.00 each year thereafter. Additionally, Lessee shall
receive from Lessor a tenant improvement allowance of $15.00 per square foot. 
 1000 SECOND AVENUE 

SUITE 1800 
 SEATTLE, WASHINGTON
98104 1046 
 (206) 467-7600 

FAX (206) 386 5296 







 W. James Jackson, Ph.D. 

Vice President 
 EMERGENT PRODUCT DEVELOPMENT SEATTLE, LLC 

July 17, 2012 
 Page 2 

Upon full execution of this amendment, Lessee gains the right to terminate the lease early for the sole purpose of expanding into Lessor’s proposed Third
and Battery building or any other building in Lessor’s portfolio. 
 Except as provided in this amendment, all other terms and conditions of the Lease
remain unchanged and in full force and effect. 
 If you are in agreement with the above, please sign below where indicated and return all three copies to
me for Martin Selig’s signature. Upon full execution, I shall return one copy to you for your files. 
 Sincerely, 

/s/ Theresa Howard 
 Theresa Howard 

EMERGENT0710.12 
 AGREED AND ACCEPTED: 

 

									
	SELIG REAL ESTATE HOLDINGS EIGHT, LLC	 		 	EMERGENT PRODUCT DEVELOPMENT SEATTLE, LLC
					
		 	 /s/ Martin Selig
	 		 		 	 /s/ W. James Jackson, Ph.D.

	By:	 	Martin Selig	 		 	By:	 	W. James Jackson, Ph.D.
	Its:	 	Managing Member	 		 	Its:	 	Vice President
					
	Dated:	 	July 26, 2012	 		 	Dated:	 	07/19/12

  

					
		  	



	  	












 STATE OF WASHINGTON 

COUNTY OF KING 
 I certify that I know or have
satisfactory evidence that Martin Selig signed this instrument and acknowledged it to be his free and voluntary act for the uses and purposes mentioned in the instrument. 

DATED this 26th day of July, 2012. 

 

					
	



	 		 	 /s/ Jill M. Hayes

Jill M. Hayes (Print or Type Name)
 NOTARY PUBLIC in and for the
State
 of Washington, residing at Issaquah
 My commission
expires 6.1.14