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| i)   | on      July 1, 2008, the Security Deposit shall be proportionately reduced by an      amount equal to the Fixed Monthly Rent due for the month of July 2008,      which is $18,081.43 (“First Reduction”), and      the total sum of the First Reduction shall be applied to Fixed Monthly      Rent due, so that the balance of the Security Deposit then remaining shall      be $102,427.03; and  |
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| ii)  | on      August 1, 2008, shall be proportionately reduced by an amount equal to the      Fixed Monthly Rent due which is $18,081.43 (“Second Reduction”), and      the total sum of the Second Reduction shall be applied to Fixed Monthly      Rent due, so that the balance of the Security Deposit then remaining shall      be $84,345.60; and                                                     |
| iii) | on      September 1, 2008, the Security Deposit shall be proportionately reduced      by an amount equal to the Fixed Monthly Rent due which is $18,081.43      (“Third      Reduction”), and the total sum of the Third Reduction shall be      applied to Fixed Monthly Rent due, so that the balance of the Security      Deposit then remaining shall be $66,264.17; and                          |
| iv)  | on      October 1, 2008, the Security Deposit shall be proportionately reduced by      an amount equal to the Fixed Monthly Rent due which is $18,081.43 (“Fourth Reduction”), and      the total sum of the First Reduction shall be applied to Fixed Monthly      Rent due, so that the balance of the Security Deposit then remaining shall      be $48,182.74; and                                |
| v)   | on      November 1, 2008, the Security Deposit shall be proportionately reduced by      an amount equal to the Fixed Monthly Rent due which is $18,081.43 (“Fifth Reduction”), and      the total sum of the Final Reduction shall be applied to Fixed Monthly      Rent due, so that the balance of the Security Deposit then remaining shall      be $30,101.31; and                                |
| vi)  | on      December 1, 2008, the Security Deposit shall be proportionately reduced by      the amount of $9,467.40 (“Fifth Reduction”), and      the total sum of the Final Reduction shall be applied to Fixed Monthly      Rent due, which is $18,081. 43, so that the balance of the Security      Deposit then remaining shall be$20,633.91                                                               |

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| LANDLORD:                                                                                                                                                                                                                                                                                                                                                                                                       | TENANT:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| DOUGLAS      EMMETT 1993, LLC,a      Delaware limited liability companyBy:Douglas      Emmett Management, LLC,a      Delaware limited liability company,its      Agent By:Douglas      Emmett Management, Inc.,a      Delaware corporation, its Manager By:      /s/ MICHAEL J.      MEANSMichael      J. Means,Senior      Vice President Dated:  June  20,      2008  | CytRx      CORPORATION,a      Delaware corporation By:                      /s/ STEVEN A.      KRIEGSMANName:                 Steven      A. KriegsmanTitle:                        President and Chief Executive OfficerDated:                June  20,      2008   |