Document:

EXEL 2015.06.30 Exhibit 10.2

Exhibit 10.2
SECOND AMENDMENT TO SUBLEASE
THIS SECOND AMENDMENT TO SUBLEASE (this “Second Amendment”) is made as of July 1, 2015 (the “Effective Date”), by and between EXELIXIS, INC., a Delaware corporation (“Sublandlord”), and NODALITY, INC., a Delaware corporation (“Subtenant”).
RECITALS
A.    Sublandlord and Subtenant entered into that certain Sublease dated as of July 25, 2011, as amended by that certain First Amendment to Sublease dated as of May 1, 2012 (together, the “Sublease”). Pursuant to the Sublease, Subtenant subleases certain premises consisting of approximately 27,564 rentable square feet (“Subleased Premises”) in a building located at 170 Harbor Way, South San Francisco, California. The Subleased Premises are more particularly described in the Sublease. Capitalized terms used herein without definition shall have the meanings defined for such terms in the Sublease.
B.      Sublandlord and Subtenant desire, subject to the terms and conditions set forth below, to amend the Sublease to, among other things, decrease the rentable square footage subleased by Subtenant by removing from the Subleased Premises the ROFO Space containing 2,454 rentable square feet in the aggregate that are located on the first floor of Building 170 and are designated as “Hallway 151,” “Open Office 152,” “Shared Office 153,” “Office 154,” “Office 155,” “Office 156,” “Office 157,” and “Office 158” on Exhibit A attached to this Second Amendment.
NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual promises and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Sublandlord and Subtenant hereby agree as follows, as of the Effective Date:
		
	1.
	Rentable Square Footage.  The Subleased Premises are reduced to exclude the ROFO Space.  Accordingly, the last sentence of Section 1 of the Sublease is hereby deleted in its entirety and replaced with the following:

“The parties hereto agree to the rentable square footage of the Subleased Premises is 25,110, and such rentable square footage, and any of the economic terms hereof based thereon, shall not be adjusted based on further re-measurement.”
		
	2.
	Base Rent.  The monthly rent calculation set forth in Section 4(a) of the Sublease is hereby deleted in its entirety and replaced with the following:

	
		
	11/1/11 – Month 2
	$0.00

	Months 3 – 6
	$87,885.00

	Months 7 – 12
	$96,474.00

	Months 13 – 24
	$99,368.22

	Months 25 – 36
	$102,349.27

	Months 37 – 44
	$105,419.75

	Months 45 – 48
	$96,034.32

	Months 49 – 60
	$98,915.35

	Month 60 – End Date
	$101,882.81

		
	3.
	Additional Rent.  The definition of Additional Rent set forth in Section 4(b) is hereby deleted in its entirety and replaced with the following:

	
			
	 
	1
	

“Subtenant shall pay, as “Additional Rent,” 100% of such additional rent or sums that relate to the Subleased Premises during the Sublease Term, and if the same cannot be so allocated then 36% of those charges that relate generally to Building 170 (excluding the vivarium located on the first floor) or 21.1% of those charges that relate generally to the Master Premises (as applicable, “Subtenant’s Share”).
		
	4.
	Map of Subleased Premises. Exhibit A to the Sublease is hereby deleted in its entirety and replaced with the Exhibit A attached to this Second Amendment.

		
	5.
	Surrender of ROFO Space.  Subtenant hereby agrees to vacate the ROFO Space and surrender and deliver exclusive possession of the ROFO Space to Sublandlord on or before the Effective Date in accordance with the provisions of the Sublease.  On or before the Effective Date, Subtenant shall, at Subtenant’s sole cost and expense, remove or cause to be removed from the ROFO Space (i) any Alterations made by Subtenant, (ii) Subtenant’ personal property (except for the personal property existing in the ROFO Space for which Threshold Pharmaceuticals, Inc. (“Threshold”) has agreed in writing to take possession of) and (iii) repair any damage to the ROFO Space caused by such removal. Subtenant shall deliver the ROFO Space to Sublandlord in a broom-clean condition. If Subtenant fails to complete such removal and/or repair any damage caused by such removal, Sublandlord, at Subtenant’s sole cost and expense, shall be entitled (but not be obligated) to remove such Alterations or remove, store or dispose of Subtenant’s personal property. Sublandlord shall not be responsible for the value, preservation or safekeeping of Subtenant’s personal property.

		
	6.
	Reimbursement of Tenant/Sublandlord.  Within thirty (30) days after invoice, Subtenant shall reimburse Tenant/Sublandlord all of Tenant/Sublandlord's reasonable, out-of-pocket costs and expenses incurred in connection with its review and preparation of this Second Amendment and the Master Landlord’s Consent.

		
	7.
	Miscellaneous.

a.    Sublandlord and Subtenant expressly acknowledge and agree that this Second Amendment is subject to Master Landlord’s prior written consent to this Second Amendment, on a form to be provided by Master Landlord that is reasonably acceptable to Sublandlord and Subtenant (“Master Landlord’s Consent”).  Sublandlord shall use commercially reasonable efforts to obtain Master Landlord’s Consent, and Subtenant agrees to cooperate in all reasonable respects in connection therewith.  If Sublandlord fails to obtain Master Landlord’s Consent within thirty (30) days after execution of this Sublease by both Subtenant and Sublandlord, then either Sublandlord or Subtenant may terminate this Second Amendment by giving written notice thereof to the other, and Sublandlord shall return to Subtenant any amounts delivered by Subtenant under this Second Amendment.  Neither party shall have any liability to the other for any termination or cancellation of this Second Amendment as a result of Master Landlord’s failure or refusal to consent to this Second Amendment, unless such party by its willful act caused Master Landlord to refuse timely consent to this Second Amendment.  No termination or cancellation of this Second Amendment as provided in this Section 7(a) shall terminate or cancel the Sublease.  Upon any such termination or cancellation of this Second Amendment, the Sublease shall remain in full force and effect unmodified by this Second Amendment.
b.    Sublandlord and Subtenant expressly acknowledge and agree that, notwithstanding the full execution and delivery of this Second Amendment by Sublandlord and Subtenant, this Second Amendment is expressly conditioned upon the (i) full execution and delivery of a sublease amendment by Substandlord and Threshold amending the amount of subleased space to include the ROFO Space and (ii) the Master Landlord’s prior written consent to such amendment on a form to be provided by Master Landlord that is reasonably acceptable to Sublandlord and Threshold (together, the “Condition Precedent”). Sublandlord shall have no liability whatsoever to Subtenant relating to or arising from Sublandlord’s inability or failure to cause all or any portion of the Condition Precedent to be satisfied.  The Sublease shall remain unmodified and in full force and effect until such time as the Condition Precedent is satisfied.

	
			
	 
	2
	

c.    This Second Amendment is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions. This Second Amendment may be amended only by an agreement in writing, signed by the parties hereto.
d.    This Second Amendment is binding upon and shall inure to the benefit of the parties hereto, their respective agents, employees, representatives, officers, directors, divisions, subsidiaries, affiliates, assigns, heirs, successors in interest and shareholders.
e.    This Second Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.  The signature page of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) thereon provided such signature page is attached to any other counterpart identical thereto except having additional signature pages executed by other parties to this Second Amendment attached thereto.
f.    Except as amended and/or modified by this Second Amendment, the Sublease is hereby ratified and confirmed and all other terms of the Sublease shall remain in full force and effect, unaltered and unchanged by this Second Amendment. In the event of any conflict between the provisions of this Second Amendment and the provisions of the Sublease, the provisions of this Second Amendment shall prevail. 
[Signatures are on the next page.]

	
			
	 
	3
	

IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the Effective Date.
		
	SUBLANDLORD: 
	EXELIXIS, INC., 
a Delaware corporation

By: /s/ Deborah Burke    

Name: Deborah Burke     

Title: SVP & CFO    
Date: 7/1/15    

		
	SUBTENANT:
	NODALITY, INC., 
a Delaware corporation

By: /s/ Laura Brege    

Name: Laura Brege     

Title: CEO    
Date: 6/29/15    

	
			
	 
	4
	

EXHIBIT A
MAP OF SUBLEASED PREMISES

	
			
	 
	5
	

	
			
	 
	6EXEL 2015.06.30 Exhibit 10.3

Exhibit 10.3
FIRST AMENDMENT TO CONSENT TO SUBLEASE AGREEMENT
THIS FIRST AMENDMENT TO CONSENT TO SUBLEASE AGREEMENT (this "First Amendment") is made as of July 1, 2015, by and among BRITANNIA POINTE GRAND LIMITED PARTNERSHIP, a Delaware limited partnership ("Landlord"), EXELIXIS INC., a Delaware corporation ("Tenant"), and NODALITY, INC., a Delaware corporation ("Subtenant").
R E C I T A L S
A.    Reference is hereby made to that certain Build-to-Suit Lease dated as of May 12, 1999, between Landlord and Tenant (the "Original Lease"), as amended by that certain First Amendment to Build-to-Suit Lease dated as of March 29, 2000 ("First Amendment"), that certain Second Amendment to Build-to-Suit Lease dated as of January 31, 2001 ("Second Amendment"), and that certain Third Amendment to Build-to-Suit Lease dated as of May 24, 2001 ("Third Amendment," together with the Original Lease, the First Amendment and the Second Amendment, collectively, the "Lease"), for certain buildings located at 169 Harbor Way and 170 Harbor Way (each, a "Building" and collectively, the "Premises"), in South San Francisco, California. 
B.    On August 16, 2011, Landlord (referenced as HCP Life Science REIT, Inc. in the Consent, which entity is Landlord's parent company), Tenant and Subtenant entered into that certain Consent to Sublease Agreement ("Original Consent"), whereby Landlord consented to the subletting by Subtenant of a portion of the Premises as described in that certain Sublease dated July 25, 2011 between Tenant, as sublandlord, and Subtenant, as subtenant (the "Original Sublease"). 
C.    On June 1, 2012, Landlord delivered a letter to Tenant ("Approval Letter," and together with the Original Consent, collectively, the "Consent"), whereby Landlord consented to that First Amendment to Sublease dated as of May 1, 2012 (the "Sublease First Amendment," together with the Original Sublease, collectively, the "Sublease").
D.    Pursuant to Section 3 of the Original Consent and Article 13 of the Lease, Tenant has requested Landlord's consent to that certain Second Amendment to Sublease dated July 1, 2015, between Tenant and Subtenant (the "Sublease Second Amendment"), with respect to the give-back by Subtenant of 2,454 rentable square feet of space on the first floor of the Building located at 170 Harbor Way, as more particularly described in the Sublease Second Amendment ("Sublet Reduced Premises").  A copy of the Sublease Second Amendment is attached hereto as Exhibit A.  Landlord is willing to consent to the Sublease Second Amendment on the terms and conditions contained herein.
E.    All defined terms not otherwise expressly defined herein shall have the respective meanings given in the Lease.
A G R E E M E N T
1.    Landlord's Consent.  Landlord hereby consents to the Sublease Second Amendment; provided, however, notwithstanding anything contained in the Sublease Second Amendment to the contrary, such consent is granted by Landlord only upon the terms and conditions set forth in this First Amendment.  The Sublease Second Amendment is subject and subordinate to the Lease.  Landlord shall not be bound by any of the terms, covenant, conditions, provisions or agreements of the Sublease Second Amendment.  Subtenant acknowledges for the benefit of Landlord that Subtenant continues to accept the  Subleased Premises (as defined in the Sublease Second Amendment) in their presently existing, "as-is" condition and that Landlord has made no representation or warranty to Subtenant as to the compliance of the Subleased Premises with any law, statute, ordinance, rule or regulation.  Tenant and Subtenant hereby represent and warrant to Landlord that the copy of the Sublease Second Amendment attached hereto is a full, complete and accurate copy of the Sublease Second Amendment, and that there are no other documents or instruments relating to the use of the Subleased Premises by Subtenant other than the Sublease and the Sublease Second Amendment.

2.    Reimbursement of Landlord.  Within five (5) days after invoice, Tenant shall reimburse Landlord all of Landlord's reasonable costs and expenses incurred in connection with its review and consent of the Sublease Second Amendment and preparation and negotiation of this Second Amendment.
3.    Incorporation of Terms of Consent.  The parties hereto acknowledge and agree that the terms set forth in Sections 3 and 4 (including Sections 4.1 through 4.8) of the Original Consent are incorporated herein and each time the word "Sublease" is used in such Sections, the same shall mean both the Sublease and this Sublease Second Amendment.
4.    General Provisions.
4.1    Consideration for Sublease.  Tenant and Subtenant represent and warrant that there are no additional payments of rent or any other consideration of any type payable by Subtenant to Tenant with regard to the Sublet Reduction Premises other than as disclosed in the Sublease Second Amendment.
4.2    Brokerage Commission.  Tenant and Subtenant covenant and agree that under no circumstances shall Landlord be liable for any brokerage commission or other charge or expense in connection with the Sublease and Tenant and Subtenant agree to protect, defend indemnify and hold Landlord harmless from and against the same and from any cost or expense (including, but not limited to, attorney's fees) incurred by Landlord in resisting any claim for any such brokerage commission.
4.3    Recapture.  This consent shall in no manner be construed as limiting Landlord's ability to exercise any rights to recapture any portion of the Premises, as set forth in the Lease, in the event of a proposed future sublease or assignment of such portion of the Premises.
4.4    Controlling Law.  The terms and provisions of this First Amendment shall be construed in accordance with and governed by the laws of the State of California.
4.5    Binding Effect.  This First Amendment shall be binding upon and inure to the benefit of the parties hereto, their heirs, successors and permitted assigns.  As used herein, the singular number includes the plural and the masculine gender includes the feminine and neuter.
4.6    Captions.  The paragraph captions utilized herein are in no way intended to interpret or limit the terms and conditions hereof; rather, they are intended for purposes of convenience only.
4.7    Partial Invalidity.  If any term, provision or condition contained in this First Amendment shall, to any extent, be invalid or unenforceable, the remainder of this First Amendment, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and condition of this First Amendment shall be valid and enforceable to the fullest extent permitted by law.
4.8    Attorneys' Fees.  If either party commences litigation against the other for the specific performance of this First Amendment, for damages for the breach hereof or otherwise for enforcement of any remedy hereunder, the parties hereto agree to and hereby do waive any right to a trial by jury and, in the event of any such commencement of litigation, the prevailing party  shall be entitled to recover from the other party such costs and reasonable attorneys' fees as may have been incurred.
4.9    Conflicts.  Notwithstanding anything in this First Amendment to the contrary, as between Tenant and Subtenant, (a) nothing in this First Amendment shall modify the terms and conditions of the Sublease Second Amendment, and (b) in the event of any conflict between this First Amendment and the Sublease Second Amendment, the Sublease Second Amendment shall control.

IN WITNESS WHEREOF, the parties have executed this Consent to Sublease Second Amendment as of the day and year first above written.
"Landlord"
BRITANNIA POINTE GRAND LIMITED PARTNERSHIP
                        
By:  HCP-Pointe Grand, Incorporated
        its general partner

By: /s/ Jonathan M. Bergschneider    

Its: Executive Vice President    

"Tenant"
EXELIXIS, INC., 
a Delaware corporation
By:  /s/ Deborah Burke    
Its: SVP & CFO    

"Subtenant"

NODALITY, INC., 
a Delaware corporation
By:  /s/ Laura Brege    
Its: CEO    

1.

EXHIBIT A
THE SUBLEASE SECOND AMENDMENT
See Exhibit 10.2 to Form 10-Q filed August 11, 2015 

	
		
	 
	EXHIBIT A
-1-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]