Document:

exv10w15

Exhibit 10.15

SECOND AMENDMENT

TO

OFFICE LEASE AGREEMENT

     THIS SECOND AMENDMENT TO OFFICE LEASE (this “Amendment”) is made this 9th day of March, 2009,
by and between SELIG HOLDINGS COMPANY, L.L.C., a Delaware limited liability company (“Lessor”) and
DENDREON CORPORATION, a Delaware corporation (“Lessee”).

RECITALS:

     A. Lessor is the owner of that certain real property commonly known as 3101 Western Avenue in
Seattle, Washington and legally described in Exhibit A (the “Property”).

     B. Lessor is the successor in interest to SELIG REAL ESTATE HOLDINGS XIV, L.L.C., a Washington
limited liability company, the prior owner of the Property.

     C. Lessor and Lessee are parties to that certain Office Lease dated September 2, 2004 (the
“2004 Lease”) for approximately: (i) 21,795 rentable square feet on the eighth floor of the
Property; and (ii) 1,818 rentable square feet of the exercise facility on the upper parking level
of the Property. The Lease was amended by that certain First Amendment to Office Lease dated March
8, 2005 (the “2005 Amendment”). The 2004 Lease and the 2005 Amendment are collectively referred to
herein as the “Lease”.

     D. Under the terms of the Lease, Lessee’s current term expires on September 30, 2009 (the
“Existing Expiration Date”). Lessee desires to extend the term of the Lease through December 31,
2011 (the “Amended Expiration Date”).

     E. Lessor and Lessee desire to amend the Lease in order to provide for the extension of the
Lease term as described herein and to memorialize other changes they have agreed to by entering
into this Amendment.

AGREEMENT:

     NOW, THEREFORE, in consideration of the above and the mutual promises contained in this
Amendment, and other good and valuable consideration, the receipt and sufficiency of which are
acknowledged, Lessor and Lessee agree as follows:

     1. Confirmation of Lease. Lessor and Lessee each agree and confirm that the Lease is
in full force and effect and has not been previously modified and neither Lessor nor Lessee is
aware of any failure of the other party to perform its obligations under the Lease that are accrued
as of the date of this Amendment.

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     2. Term. The term of the Lease is hereby extended for a period of twenty-seven (27)
months beginning on the day after the Existing Expiration Date and ending on the Amended Expiration
Date.

     3. Rent. During the period between the Existing Expiration Date and the Amended
Expiration Date, Lessee covenants and agrees to pay to Lessor rent each month in advance on the
first day of each calendar month. Except for Lessee’s share of increases in the costs of the
Operating Services and the Real Estate Taxes (as described in the 2004 Lease), this lease is on a
fully serviced basis and rent shall be computed at the annual base rental rate times the number of
Rentable Square Feet as follows:

	 	 	 	 	 
	October 1, 2009 – September 30, 2010
	 	$	30.50	 
	October 1, 2010 – September 30, 2011
	 	$	31.50	 
	October 1, 2011 – December 31, 2011
	 	$	32.50	 

     4. Lessee’s Security Deposit. Lessor shall continue to hold Lessee’s security deposit
in conformance with the terms of the Lease.

     5. Agency/Commission. Lessor and Lessee recognize Jones Lang LaSalle (“JLL”) as the
exclusive real estate agent representing Lessee in this transaction. Lessor shall pay JLL a market
standard commission of $1.00 times the number of Rentable Square Feet leased each year by Lessee
(the “Commission”). One-half of the Commission shall be due and payable at the time this Amendment
is fully executed; the remaining one-half of the Commission shall be due and payable the first
business day following the Existing Expiration Date.

     6. Offset Provision. If Lessor does not provide payment of any allowances, fees or
commissions due under the Lease or the Amendment within thirty (30) days of such amount’s due date,
Lessee shall have the right to offset rent due and receive interest on such offset funds at a rate
of interest equal to the Prime Rate plus three percent (3%). The term “Prime Rate” means the prime
rate reported in the Money Rates section of The Wall Street Journal.

     7. Cost of Parking. As stated within the Office Lease, Lessee has the right to utilize
one (1) parking stall in the Property’s garage per each 1,000 square feet leased and one (1)
parking stall outside of the Property per each 1,000 square feet leased. Currently, Lessee
actually utilizes fifteen (15) unreserved stalls in the Property’s garage at a cost of $134.38 per
stall per month. Lessee also utilizes nine (9) reserved stalls in the Property’s garage at a cost
of $334.76. Further, Lessee utilizes two (2) unreserved stalls outside of the Property at a cost of
$107.40. Effective October 1, 2009 Lessor shall charge Lessee the then current market rate for
each stall rented. Thirty days prior to the October 1, 2009, Lessor shall notify Lessee as to the
then current market rate for parking locations defined above. On October 1 and each anniversary
thereafter the rate for such parking shall be adjusted to the lesser of market rate or an increase
of five percent (5%) per year. Lessor shall not adjust the rate charged to Lessee for parking more
than one (1) time during each calendar year.

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     8. No Implied Modifications. Except as hereinabove set forth, all of the terms,
covenants and conditions of the Lease shall continue in full force and effect.

     9. Entire Agreement. This Amendment constitutes the entire agreement of the parties
hereto with respect to the matters described herein. None of the provisions in this Amendment may
be modified or revised except by a subsequent amendment executed by the parties hereto.

     10. Execution in Counterparts. This Amendment may be executed in counterparts, both
of which shall constitute but one and the same contract.

     IN WITNESS WHEREOF, the undersigned have executed this Amendment on the date and year first
written above.

	 	 	 	 	 	 	 
	 	 	LESSOR:	 	 
	 
	 	 	 	 	 	 
	 	 	SELIG HOLDINGS COMPANY,
L.L.C, a 
Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Peter Parker
 

	 	 
	 

	 	 	 	Martin Selig, a member and its manager	 	 
	 

	 	 	 	as attorney in-fact	 	 
	 
	 	 	 	 	 	 
	 	 	LESSEE:	 	 
	 
	 	 	 	 	 	 
	 	 	DENDREON CORPORATION, a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Greg Schiffman	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Greg Schiffman	 	 
	 

	 	Title:
	 	CFO	 	 

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EXHIBIT A

3101 WESTERN AVENUE — LEGAL DESCRIPTION

Lots 1, 2, 3 and the southwesterly half of Lot 4, Block 3 of William M. Bell’s 7th
addition to the City of Seattle, according to plat thereof, recorded in Volume 2 of Plats, page 82,
records of King County, Washington, together with the northwesterly 66’ of block southerly of Bay
Street siding westerly of Western Avenue and easterly of Elliott Avenue.

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Exhibit 10.61

03/09

Employee Grant

FINISAR CORPORATION

RESTRICTED STOCK UNIT ISSUANCE AGREEMENT

     RECITALS

A. The Board has adopted the Plan for the purpose of attracting and retaining the services of
selected employees who provide services to a Participating Company.

B. The Participant is to render valuable services to a Participating Company and the Board has
approved the award of restricted stock units to the Participant pursuant to this Agreement.

C. All capitalized terms in this Agreement shall have the meaning assigned to them in the attached
Appendix A.

     NOW, THEREFORE, it is hereby agreed as follows:

          1. Grant of Restricted Stock Units. The Company hereby awards to the Participant, as
of the Award Date, an award (the “Award”) of restricted stock units under the Plan. Each
restricted stock unit represents the right to receive one share of Common Stock on the vesting date
of that unit. The number of shares of Common Stock subject to the awarded restricted stock units,
the applicable vesting schedule for the restricted stock units and the underlying shares, the dates
on which those vested shares shall be issued to the Participant and the remaining terms and
conditions governing the Award shall be as set forth in this Agreement.

AWARD SUMMARY

	 	 	 
	Award Date:

	 	                                        
	 
	 	 
	Participant:

	 	                                        
	 
	 	 
	Number of Shares Subject
to Award:

	 	*** shares of Common Stock (the “Shares”)
	 
	 	 
	Vesting Schedule:

	 	The Participant shall vest with respect to the
Shares as follows: *********** (the “Vesting
Schedule”). The Shares may vest on an
accelerated basis prior to these vesting dates
in accordance with the provisions of
Paragraphs 3 and 4 of this Agreement. In no
event shall any Shares vest after the date of
the Participant’s termination of Service.
	 
	 	 
	Issuance Dates:

	 	Each Share in which the Participant vests in
accordance with the foregoing Vesting Schedule
shall be issued on the date (the “Issuance
Date”) on which that Share so vests or as soon
thereafter as administratively practicable,
but in no event later than *****************.
The issuance of the Shares shall be subject to
the Company’s collection of any applicable
Withholding Taxes in accordance the procedures
set forth in Paragraph 6 of this Agreement.

          2. Limited Transferability. Prior to actual receipt of the Shares which vest and
become issuable hereunder, the Participant may not transfer any interest in the Award or the

 

 

underlying Shares. Any Shares which vest hereunder but which otherwise remain unissued at the time
of the Participant’s death may be transferred pursuant to the provisions of the Participant’s will
or the laws of descent and distribution.

          3. Cessation of Service.

               (a) Except to the extent otherwise provided in Paragraph 3(b) below, should the Participant
cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the
Award will be immediately cancelled with respect to those unvested Shares, and the number of
restricted stock units will be reduced accordingly. The Participant shall thereupon cease to have
any right or entitlement to receive any Shares under those cancelled units.

               (b) Should the Participant cease Service as a result of a Termination After Change in Control,
then the Participant shall immediately, upon the date of such cessation, fully vest in the Award.
The Shares subject to those vested units will be issued on the Issuance Date triggered by the
termination, subject to the Company’s collection of any applicable Withholding Taxes pursuant to
the provisions of Paragraph 6 of this Agreement.

          4. Change in Control.

               (a) Any restricted stock units subject to this Award at the time of a Change in Control may be
assumed by the surviving, continuing, successor or purchasing corporation or parent thereof (the
“Acquiring Corporation”) or substituted with a substantially equivalent award for the Acquiring
Corporation’s stock. In the event the restricted stock units are not to be so assumed or
substituted, then the Participant shall fully vest in the Award immediately prior to the effective
date of the Change in Control. The Shares subject to those vested units will be issued on the
Issuance Date triggered by the Change in Control, subject to the Company’s collection of any
applicable Withholding Taxes pursuant to the provisions of Paragraph 6 of this Agreement.

               (b) In the event this Award is assumed, the restricted stock units subject to the Award shall
be adjusted immediately after the consummation of the Change in Control so as to apply to the
number and class of securities into which the Shares subject to those units immediately prior to
the Change in Control would have been converted in consummation of that Change in Control had those
Shares actually been issued and outstanding at that time.

               (c) This Agreement shall not in any way affect the right of the Company to adjust, reclassify,
reorganize or otherwise change its capital or business structure or to merge, consolidate,
dissolve, liquidate or sell or transfer all or any part of its business or assets.

          5. Adjustment in Shares. In the event of any stock dividend, stock split, reverse
stock split, recapitalization, combination, reclassification, or other similar change in the
capital structure of the Company, appropriate adjustments shall be made to the total number and/or
class of securities issuable pursuant to this Award. The adjustments shall be made by the

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Board in
such manner as the Board deems appropriate and such adjustments shall be final, binding and
conclusive.

          6. Issuance of Shares of Common Stock.

               (a) On the Issuance Date or as soon thereafter as practicable, the Company shall issue to or
on behalf of the Participant a certificate (which may be in electronic form) for the number of
hares of Common Stock underlying the restricted stock units which vest under the Award on such
date, subject, however, to the Company’s collection of any applicable Withholding Taxes.

               (b) The Withholding Taxes shall be collected from the proceeds of a next-day sale of a portion
of the Shares effected by the Company’s designated broker; the Participant’s acceptance of the
Award shall constitute the Participant’s authorization to the broker to effect such sale. This
Agreement shall be deemed to be a 10b5-1 plan under the Exchange Act.

               (c) In no event will any fractional shares be issued.

               (d) The holder of this Award shall not have any stockholder rights, including voting or
dividend rights, with respect to the Shares subject to the Award until the Participant becomes the
record holder of those Shares following their actual issuance after the satisfaction of the
applicable Withholding Taxes.

          7. Compliance with Laws and Regulations.

               (a) The issuance of shares of Common Stock pursuant to the Award shall be subject to
compliance by the Company and the Participant with all applicable requirements of law relating
thereto and with all applicable regulations of any stock exchange (or the Nasdaq Stock Market, if
applicable) on which the Common Stock may be listed for trading at the time of such issuance.

               (b) The inability of the Company to obtain approval from any regulatory body having authority
deemed by the Company to be necessary to the lawful issuance of any Common Stock hereby shall
relieve the Company of any liability with respect to the non-issuance of the Common Stock as to
which such approval shall not have been obtained. The Company, however, shall use its best efforts
to obtain all such approvals.

          8. Successors and Assigns. Except to the extent otherwise provided in this Agreement,
the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company
and its successors and assigns and the Participant, the Participant’s assigns, the
legal representatives, heirs and legatees of the Participant’s estate and any beneficiaries of
the Award designated by the Participant.

          9. Notices. Any notice required to be given or delivered to the Company under the
terms of this Agreement shall be in writing and addressed to the Company at its

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principal corporate
offices. Any notice required to be given or delivered to the Participant shall be in writing and
addressed to the Participant at the address indicated below Participant’s signature line on this
Agreement. All notices shall be deemed effective upon personal delivery or upon deposit in the
U.S. mail, postage prepaid and properly addressed to the party to be notified.

          10. Construction. This Agreement and the Award evidenced hereby are made and granted
pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan. All
decisions of the Board with respect to any question or issue arising under the Plan or this
Agreement shall be conclusive and binding on all persons having an interest in the Award.

          11. Governing Law. The interpretation, performance and enforcement of this Agreement
shall be governed by the laws of the State of California without resort to that State’s
conflict-of-laws rules.

          12. Employment at Will. Except as may otherwise be set forth in the Participant’s
employment agreement, nothing in this Agreement or in the Plan shall confer upon the Participant
any right to continue in service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Company (or any Parent Corporation or Subsidiary Corporation
employing or retaining the Participant) or of the Participant, which rights are hereby expressly
reserved by each, to terminate the Participant’s service at any time for any reason, with or
without cause.

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IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first indicated
above.

	 	 	 	 	 
	 	FINISAR CORPORATION

 	 
	 	By:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	PARTICIPANT

 	 
	 	Signature: 	 	 
	 	 	Name:  	 	 
	 	 	Address: 	 	 
	 	 	 	 	 
	 

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APPENDIX A

DEFINITIONS

The following definitions shall be in effect under the Agreement:

          A. Agreement shall mean this Restricted Stock Unit Issuance Agreement.

          B. Award shall mean the award of restricted stock units made to the
Participant pursuant to the terms of the Agreement.

          C. Award Date shall mean the date the restricted stock units are awarded to
the Participant pursuant to the Agreement and shall be the date indicated in Paragraph 1 of
the Agreement.

          D. Board shall mean the Company’s Board of Directors and any committee of the
Board appointed to administer the Plan.

          E. Cause shall mean any of the following: (i) the Participant’s theft,
dishonesty, or falsification of any Participating Company documents or records; (ii) the
Participant’s improper use or disclosure of a Participating Company’s confidential or
proprietary information; (iii) any action by the Participant which has a detrimental effect
on a Participating Company’s reputation or business; (iv) the Participant’s failure or
inability to perform any reasonable assigned duties after written notice from a
Participating Company of, and a reasonable opportunity to cure, such failure or inability;
(v) any material breach by the Participant of any employment agreement between the
Participant and a Participating Company, which breach is not cured pursuant to the terms of
such agreement; or (vi) the Participant’s conviction (including any plea of guilty or nolo
contendere) of any criminal act which impairs the Participant’s ability to perform his or
her duties with a Participating Company.

          F. Change in Control shall mean an Ownership Change Event or a series of
related Ownership Change Events (collectively, a "Transaction") wherein the stockholders of
the Company immediately before the Transaction do not retain immediately after the
Transaction, in substantially the same proportions as their ownership of shares of the
Company’s voting stock immediately before the Transaction, direct or indirect beneficial
ownership of more than fifty percent (50%) of the total combined voting power of the
outstanding voting securities of the Company or, in the case of a sale, exchange or
transfer of all or substantially all of the assets of the Company, the corporation or other
business entity to which the assets of the Company were transferred (the "Transferee"), as
the case may be. For purposes of the preceding sentence, indirect beneficial ownership
shall include, without limitation, an interest resulting from ownership of the voting
securities of one or more corporations or other business entities which, as a result of the
Transaction, own the Company or the Transferee, as the case may be, either directly or
through one or more subsidiary corporations or other business entities. The Board shall
have the right to determine

A-1

 

whether multiple sales or exchanges of the voting securities of the Company or
multiple Ownership Change Events are related, and its determination shall be final, binding
and conclusive.

          G. Code shall mean the Internal Revenue Code of 1986, as amended.

          H. Common Stock shall mean shares of the Company’s common stock.

          I. Company shall mean Finisar Corporation, a Delaware corporation, and any
successor corporation.

          J. Consultant shall mean a person engaged to provide consulting or advisory
services (other than as an Employee or a Director) to a Participating Company, provided
that the identity of such person, the nature of such services or the entity to which such
services are provided would not preclude the Company from offering or selling securities to
such person pursuant to the Plan in reliance on registration on a Form S-8 Registration
Statement under the Securities Exchange Act of 1934.

          K. Director shall mean a member of the Board or of the board of directors of
any other Participating Company.

          L. Employee shall mean any person treated as an employee (including an officer
or a Director who is also treated as an employee) in the records of a Participating
Company; provided, however, that neither service as a Director nor payment of a director’s
fee shall be sufficient to constitute employment for purposes of the Plan.

          M. Exchange Act shall mean the Securities Exchange Act of 1934, as amended.

          N. Fair Market Value per share of Common Stock, as of any date, shall mean the
value of a share of Common Stock as determined by the Board, in its discretion, or by the
Company, in its discretion, if such determination is expressly allocated to the Company
herein, subject to the following:

               (i) If, on such date, the Common Stock is listed on a national or regional
securities exchange or market system, the Fair Market Value of a share of Common
Stock shall be the closing price of a share of Common Stock (or the mean of the
closing bid and asked prices of a share of Common Stock if the Common Stock is so
quoted instead) as quoted on the Nasdaq National Market, the Nasdaq SmallCap Market
or such other national or regional securities exchange or market system constituting
the primary market for the Common Stock, as reported in the Wall Street
Journal or such other source as the Company deems reliable. If the relevant
date does not fall on which the Common Stock has traded on such securities exchange
or market system, the date on which the Fair Market Value shall be established shall
be the last day on which the Common

A-2

 

Stock was so traded prior to the relevant date, or such other appropriate day
as shall be determined by the Board, in its discretion.

               (ii) If, on such date, the Common Stock is not listed on a national or regional
securities exchange or market system, the Fair Market Value of a share of Common
Stock shall be as determined by the Board in good faith without regard to any
restriction other than a restriction which, by its terms, will never lapse.

          O. Good Reason shall mean any one or more of the following that occurs without
the Participant’s consent:

               (i) a material diminution in the Participant’s authorities, duties, or
responsibilities compared to the Participant’s authorities, duties or
responsibilities with the Participating Company Group immediately prior to the date
of the Change in Control;

               (ii) a material change in the location of the principle place of the
Participant’s Service (for this purpose a location that is more than fifty (50)
miles from the Participant’s principal place of Service immediately prior to the
date of the Change in Control shall be deemed to be material); or

               (iii) a material reduction by the Participating Company Group of the
Participant’s base salary in effect immediately prior to the date of the Change in
Control (unless reductions comparable in amount and duration are concurrently made
for all other employees of the Participating Company Group with responsibilities,
organizational level and title comparable to the Participant’s);

     provided, however, that none of the events specified above shall constitute grounds
for Good Reason unless the Participant shall have notified the Participating Company
employing the Participant in writing describing the event which constitutes grounds for
Good Reason within sixty (60) days following the occurrence of such event and the
Participating Company shall have failed to cure such event within thirty (30) days after
the Participating Company’s receipt of such written notice in which case the Participant’s
employment shall terminate upon expiration of such thirty (30)-day cure period.

          P. Ownership Change Event shall be deemed to have occurred if any of the
following occurs with respect to the Company: (i) the direct or indirect sale or exchange
in a single or series of related transactions by the stockholders of the Company of more
than fifty percent (50%) of the voting stock of the Company; (ii) a merger or consolidation
in which the Company is a party; (iii) the sale, exchange, or transfer of all or
substantially all of the assets of the Company; or (iv) a liquidation or dissolution of the
Company.

          Q. Parent Corporation shall mean any present or future “parent corporation” of
the Company as defined in Section 424(e) of the Code.

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          R. Participant shall mean the person to whom the Award is made pursuant to the
Agreement.

          S. Participating Company shall mean the Company or any Parent Corporation or
Subsidiary Corporation.

          T. Participating Company Group shall mean, at any point in time, all
corporations collectively which are then Participating Companies.

          U. Plan shall mean the Company’s 2005 Stock Incentive Plan.

          V. Service shall mean the Participant’s employment or service with the
Participating Company Group, whether in the capacity of an Employee, a Director or a
Consultant. The Participant’s Service shall not be deemed to have terminated merely
because of a change in the capacity in which the Participant renders Service to the
Participating Company Group or a change in the Participating Company for which the
Participant renders such Service, provided that there is no interruption or termination of
the Participant’s Service. Furthermore, the Participant’s Service with the Participating
Company Group shall not be deemed to have terminated if the Participant takes any military
leave, sick leave, or other bona fide leave of absence approved by the Company.
Notwithstanding the foregoing, unless otherwise designated by the Company or required by
law, a leave of absence shall not be treated as Service for purposes of determining the
Participant’s vested Shares. The Participant’s Service shall be deemed to have terminated
either upon an actual termination of Service or upon the corporation for which the
Participant performs Service ceasing to be a Participating Company. Subject to the
foregoing, the Company, in its discretion, shall determine whether the Participant’s
Service has terminated and the effective date of such termination.

          W. Subsidiary Corporation shall mean any present or future “subsidiary
corporation” of the Company as defined in Section 424(f) of the Code.

          X. Termination After Change in Control shall mean either of the following
events occurring upon or within twelve (12) months after a Change in Control:

               (i) termination by the Participating Company Group of the Participant’s Service
for any reason other than for Cause; or

               (ii) the Participant’s resignation for Good Reason from all capacities in which
the Participant is then rendering Service.

Notwithstanding any provision herein to the contrary, Termination After Change in Control shall not
include any termination of the Participant’s Service with the Participating Company Group which (1)
is for Cause; (2) is a result of the Participant’s death or disability; (3) is a result of the
Participant’s voluntary termination of Service other than for Good Reason; or (4) occurs prior to
the effectiveness of a Change in Control.

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          Y. Withholding Taxes shall mean the Federal, state and local income and
employment taxes required to be withheld by the Company in connection with the
issuance of the shares of Common Stock under the Award.

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