Exhibit 10.2
 STANDARD INDUSTRIAL LEASE  (NET)
 1.
    
    BASIC LEASE TERMS.
 (a)
    
    DATE OF LEASE EXECUTION: August 7, 2009(b)
    
    TENANT: DENDREON CORPORATION, a Delaware corporationTrade Name: DendreonAddress (Premises): 1700 Saturn Way, Building #5, Seal Beach, California 90740
 Address for Notices:
    
    3005 First AvenueSeattle, Washington 98121Attention: Rick Hamm, General CounselTelephone: (206) 256-4545Fax: (206) 256-0571
 (c)
    
    LANDLORD: KNICKERBOCKER PROPERTIES, Inc. XLVI, a Delaware corporation
 Address for Rent:
    
    c/o Overton Moore Properties19300 S Hamilton, Suite 200Gardena, CA 90248Attn: Pacific Gateway Business Center Property Manager
 Address for Notices:
    
    c/o Overton Moore Properties19300 S. Hamilton Avenue, Suite 200Gardena, CA 90248Attn: Pacific Gateway Business Center Property Managerwith a copy to:c/o JP Morgan Asset Management1999 Avenue of the Stars, Floor 26Los Angeles, CA 90067Attn: Mr. Steven M. ZaunandAllen Matkins Leck Gamble Mallory & Natsis LLP515 South Figueroa Street, 9th FloorLos Angeles, CA 90071Attn: Thomas J. Masenga, Esq.
  Exhibit A
   Exhibit B
 (g)
    
    TERM; COMMENCEMENT DATE; RENT COMMENCEMENT DATE; EXPIRATION DATE:Term: Approximately One Hundred Twenty-Five (125) months, subject to extension as
set forth in Rider 1attached hereto.Commencement Date: Upon mutual execution of this Lease.




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Rent Commencement Date: January 1, 2010.Expiration Date: December 31, 2019.
  Period
    
    Basic Rent Per MonthCommencement Date  Rent Commencement Date
    
    $
    0.001/1/10  6/30/12
    
    $
    101,200.007/1/12  12/31/14
    
    $
    108,973.521/1/15  6/30/17
    
    $
    117,344.157/1/17  12/31/19
    
    $
    126,357.75
      Rider 1 Rider 2
   PREMISES
 Exhibit A Exhibit B
  LEASE TERM
 Exhibit D
 POSSESSION; CONDITION OF PREMISES
 Delivery of Possession Exhibit I
 Condition of Premises
 - 2 -




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Landlords Representations and Warranties Exhibit H Exhibit L
 Rider 1
 Allowance; Tenants Work Exhibit C Exhibit C
 RENT
 Basic Rent
 Late Payment
 - 3 -




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Audit Right
 PREPAID RENT
  LETTER OF CREDIT
 General Provisions Exhibit K
 - 4 -




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Drawings under Letter of Credit
 Use of Proceeds by Landlord
 Additional Covenants of Tenant
 Transfer of Letter of Credit
 Reduction in Letter of Credit Amount th th
 - 5 -




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Nature of Letter of Credit
 USE OF PREMISES AND PROJECT FACILITIES
 Tenants Use of the Premises
 Compliance Exhibit F
 - 6 -




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Hazardous Materials Exhibit H
 Parking Exhibit A
 Survival
 SURRENDER OF PREMISES; HOLDING OVER
   SIGNAGE
 Exhibit G
 - 7 -




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TAXES
 Personal Property Taxes
 Real Property Taxes
 UTILITIES
  MAINTENANCE
 Performed by Tenant
 - 8 -




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Performed by Landlord
 Reimbursement by Tenant
   Structural/Foundation Capital Costs
 - 9 -




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ALTERATIONS
 Alterations
 Standard of Work
 Liens
 RELEASE AND INDEMNITY
   - 10 -




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INSURANCE
        - 11 -




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DESTRUCTION
 Casualty
 Rent Abatement
 Repair or Restoration
 Waiver
 - 12 -




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CONDEMNATION
 Definitions
 Obligations to be Governed by Lease
 Total or Partial Taking
  ASSIGNMENT OR SUBLEASE
   - 13 -




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LANDLORDS FAILURE TO EITHER APPROVE OR DISAPPROVE SUCH ASSIGNMENT OR SUBLEASE IN ACCORDANCE WITH
THE TERMS OF THIS LEASE WITHIN TWO (2) BUSINESS DAYS FOLLOWING RECEIPT OF THIS NOTICE MAY RESULT IN
LANDLORD BEING DEEMED TO HAVE CONSENTED TO SUCH ASSIGNMENT OR SUBLEASE PURSUANT TO PARAGRAPH 19 OF
THE LEASE
    - 14 -




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DEFAULT
  LANDLORDS REMEDIES
     - 15 -




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DEFAULT BY LANDLORD
  LANDLORDS FAILURE TO PERFORM THE HEREIN DESCRIBED REPAIR AND/OR MAINTENANCE OBLIGATION WITHIN
TWO (2) BUSINESS DAYS FOLLOWING RECEIPT OF THIS LETTER MAY RESULT IN TENANT EXERCISING ITS
SELF-HELP RIGHT PURSUANT TO PARAGRAPH 22 OF THE LEASE Rider 2
 ENTRY OF PREMISES AND PERFORMANCE BY TENANT
  - 16 -




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SUBORDINATION
   NOTICE
  - 17 -




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WAIVER
  LIMITATION OF LIABILITY
            FORCE MAJEURE
  PROFESSIONAL FEES
  - 18 -




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EXAMINATION OF LEASE
  ESTOPPEL CERTIFICATE
 Exhibit E
   RULES AND REGULATIONS
 Exhibit F
 LIENS
  MISCELLANEOUS PROVISIONS
 Time of Essence
 Successors
 - 19 -




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Landlords Consent
 Commissions
 Landlords Successors
 Prior Agreement or Amendments
 Recording
 Severability
 No Partnership or Joint Venture
 Interpretation
 No Light, Air or View Easement
 Governing Law
 Mortgagee Protection
 WAIVER OF JURY TRIAL; JUDICIAL REFERENCE
 i)
    
    Jury Trial Waiver. TO THE EXTENT PERMITTED BY THEN APPLICABLE LAW,
EACH PARTY HEREBY IRREVOCABLY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY RECOGNIZES AND AGREES THAT THE
FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT.
EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. THIS PARAGRAPH 34(n)(i) IS SUBJECT IN ITS ENTIRETY TO
PARAGRAPH 34(n)(ii) HEREOF.ii)
    
    Reference Provision. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS
AGREEMENT, UNTIL SUCH TIME (IF AT ALL) AS THE CALIFORNIA LEGISLATURE ENACTS A LAW THAT
WOULD RENDER THE JURY TRIAL WAIVER SET FORTH IN PARAGRAPH 34(n)(i) HEREOF VALID AND
ENFORCEABLE OR FOR ANY OTHER REASON A COURT OF COMPETENT JURISDICTION DETERMINES THAT
THE JURY TRIAL WAIVER SET FORTH IN PARAGRAPH 34(n)(i) HEREOF IS VALID AND ENFORCEABLE,
THE REFERENCE PROVISION CONTAINED IN EXHIBIT JHERETO SHALL APPLY TO ANY SUIT, ACTION
OR PROCEEDING COMMENCED PRIOR TO SUCH TIME IN LIEU OF THE JURY TRIAL WAIVER SET FORTH
IN PARAGRAPH 34(n)(i) HEREOF.
 Intentionally Omitted
 - 20 -




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Counterparts
 Financial Statements
 LEASE EXECUTION
 Tenants Authority
 Intentionally Omitted
 SECURITY
 INCENTIVES
 QUIET ENJOYMENT
 [No Further Text On This Page]
 - 21 -




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TENANT:
    
    
    
    LANDLORD:DENDREON CORPORATION,
    
    
    
    KNICKERBOCKER PROPERTIES, INC. XLVI,a Delaware corporation
    
    
    
    a Delaware corporationBy:
    
    /s/ Greg Schiffman


    
    
    
    By:
    
    /s/ David SearsName:
    
    Greg Schiffman
    
    
    
    
    
    Name:
    
    David SearsIts:
    
    CFO
    
    
    
    
    
    Its:
    
    Vice PresidentBy:
    
    /s/ Rick HammName:
    
    Rick HammIts:
    

SVP,
Corporate Development
 - 22 -




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RIDER 1
 OPTIONS
 Rider 1 Rider 1 Rider 1 Rider 1 Rider 1
 OPTIONS TO EXTEND
   Rider 1
      -1-




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OPTION TO PURCHASE Schedule 1
    Schedule 3
 Schedule 2
   -2-




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st st nd nd rd
    RIGHT OF FIRST OFFER TO PURCHASE LANDLORD PROPERTY rd th
 Procedure for Purchase Offer
 Procedure for Acceptance
  -3-




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Purchase Agreement
 OPTIONS
  not
   -4-




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RIDER 2
 ARBITRATION OF DISPUTES
 Rider 2 Rider 2 Rider 2 Rider 2 Rider 2
          -1-




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Initials                
             Initials
  -2-




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STANDARD INDUSTRIAL LEASE
 (NET)
 LANDLORD:
    
    KNICKERBOCKER PROPERTIES, INC. XLVITENANT:
    
    DENDREON CORPORATIONPROJECT:
    
    Pacific Gateway Business CenterCITY, STATE:
    
    Seal Beach, CaliforniaDATE:
    
    August 7, 2009




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TABLE OF CONTENTS
 Page1.
    
    BASIC LEASE TERMS
    
    12.
    
    PREMISES
    
    23.
    
    LEASE TERM
    
    24.
    
    POSSESSION; CONDITION OF PREMISES
    
    25.
    
    RENT
    
    36.
    
    PREPAID RENT
    
    47.
    
    LETTER OF CREDIT
    
    48.
    
    USE OF PREMISES AND PROJECT FACILITIES
    
    69.
    
    SURRENDER OF PREMISES; HOLDING OVER
    
    710.
    
    SIGNAGE
    
    711.
    
    TAXES
    
    812.
    
    UTILITIES
    
    813.
    
    MAINTENANCE
    
    814.
    
    ALTERATIONS
    
    1015.
    
    RELEASE AND INDEMNITY
    
    1016.
    
    INSURANCE
    
    1117.
    
    DESTRUCTION
    
    1218.
    
    CONDEMNATION
    
    1319.
    
    ASSIGNMENT OR SUBLEASE
    
    1320.
    
    DEFAULT
    
    1521.
    
    LANDLORD'S REMEDIES
    
    1522.
    
    DEFAULT BY LANDLORD
    
    1623.
    
    ENTRY OF PREMISES AND PERFORMANCE BY TENANT
    
    1624.
    
    SUBORDINATION
    
    1725.
    
    NOTICE
    
    1726.
    
    WAIVER
    
    1827.
    
    LIMITATION OF LIABILITY
    
    1828.
    
    FORCE MAJEURE
    
    1829.
    
    PROFESSIONAL FEES
    
    1830.
    
    EXAMINATION OF LEASE
    
    1931.
    
    ESTOPPEL CERTIFICATE
    
    1932.
    
    RULES AND REGULATIONS
    
    1933.
    
    LIENS
    
    1934.
    
    MISCELLANEOUS PROVISIONS
    
    1935.
    
    LEASE EXECUTION
    
    2136.
    
    SECURITY
    
    2137.
    
    INCENTIVES
    
    21
 EXHIBITSEXHIBIT A:
    
    DEPICTION OF PREMISESEXHIBIT B:
    
    DESCRIPTION OF PREMISES LANDEXHIBIT C:
    
    WORK LETTER AGREEMENTEXHIBIT D:
    
    NOTICE OF LEASE TERM DATES






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PageEXHIBIT E:
    
    TENANT ESTOPPEL CERTIFICATEEXHIBIT F:
    
    RULES AND REGULATIONSEXHIBIT G:
    
    PROJECT SIGNAGE CRITERIAEXHIBIT H:
    
    HAZARDOUS MATERIALS ADDENDUMEXHIBIT I:
    
    HAZARDOUS MATERIALS QUESTIONNAIREEXHIBIT J:
    
    REFERENCE PROVISIONEXHIBIT K:
    
    FORM OF LETTER OF CREDITEXHIBIT L:
    
    ENVIRONMENTAL REPORTSRIDERSRIDER 1:
    
    OPTIONSRIDER 2:
    
    ARBITRATION OF DISPUTES