Document:

Exhibit 10.1

 

SECOND
AMENDMENT TO LEASE

 

THIS SECOND  AMENDMENT TO LEASE
(this “Amendment”) is entered into as of this 28th day of
January, 2008, by and between BMR-217TH PLACE LLC, a Delaware
limited liability company (“Landlord”), and SONUS PHARMACEUTICALS, INC.
(“Tenant”).

 

RECITALS

 

A.                                   WHEREAS,
Landlord and Tenant entered into that certain Lease dated as of November 21,
2006, as amended by that certain First Amendment to Lease dated as of August 17,
2007 (collectively, the “Lease”), whereby Tenant leases certain premises
(the “Premises”) from Landlord at 1522 217th Place SE in
Bothell, Washington (the “Building”); and

 

B.                                     WHEREAS,
Landlord and Tenant desire to modify and amend the Lease only in the respects
and on the conditions hereinafter stated.

 

AGREEMENT

 

NOW, THEREFORE, Landlord and
Tenant, in consideration of the mutual promises contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound, agree as follows:

 

1.                                       Definitions.  For purposes of this
Amendment, capitalized terms shall have the meanings ascribed to them in the
Lease unless otherwise defined herein. 
The Lease, as amended by this Amendment, shall be referred to herein as
the “Amended Lease.”

 

2.                                       Sales
Tax.

 

a.                                       Retail sales tax otherwise applicable to portions
of construction of the Building and Tenant Improvements and other improvements
made or requested by Tenant may be eligible for deferral pursuant to RCW 82.63 (the
“Sales Tax Deferral”) as a result of
the uses of the Premises intended by Tenant. Landlord shall make application
with the Washington State Department of Revenue (the “State”) for the
Sales Tax Deferral with respect to work to be performed and paid for by
Landlord pursuant to the Amended Lease.  When the State has determined the final amount of the sales tax which
Landlord may defer pursuant to the Sales Tax Deferral Program Landlord will
provide Tenant with written notice of such amount.

 

b.                                      Tenant agrees if a subsequent audit by the State
determines that, (a) because Tenant’s use of the Premises has changed or (b) for
any other reason, any of the sales tax previously deferred pursuant to the
Sales Tax Deferral is now due and owing to the State, Tenant shall pay to
Landlord, within ten (10) days following the date Landlord notifies Tenant
of any such determination by the State, an amount equal to the amount required
to be paid to the State, including any penalties and interest due to the State;
provided that Tenant may conduct a good faith contest of any such
determination by the State in accordance with appropriate administrative
procedures so long  as  payment of the amount claimed by the State is
stayed during the conduct of the contest. 
If Tenant desires to dispute the amount claimed by the State to be due
but payment of such amount is not stayed 

 

Form dated 2/16/07

 

 

during the conduct of the
proceedings, Tenant shall pay the amount due but at Tenant’s request, Landlord
shall pay the amount claimed by the State under protest.

 

c.                                       Landlord
shall reasonably cooperate with and assist Tenant in any challenges or audits
to the Sales Tax Deferral benefit, at no cost to Landlord.  Landlord shall promptly notify Tenant of any
such action of which Landlord becomes aware, and shall promptly forward any
correspondence regarding any such challenge or audit.  Tenant shall have the right to contest or
review on its own behalf (but not on Landlord’s behalf) any proceedings
regarding the Sales Tax Deferral benefit that may be instituted, either before,
during or after the Term of the Amended Lease. 
Landlord shall, on a timely basis, execute all necessary instruments in
connection with any such protest, appeal or other proceedings, at no cost to
Landlord.  If any proceeding may only be
instituted and maintained by Landlord, then Landlord shall do so at Tenant’s
cost upon the request of Tenant, unless Landlord reasonably objects.

 

d.                                      To secure Tenant’s payment obligations under
subparagraph (b) above, Tenant shall provide Landlord with a letter of
credit that meets the requirements of Section 9.7 of the Lease within
ten (10) days after Landlord provides Tenant with written notice of the
amount of the Sales Tax Deferral approved by the State.  Such letter of credit shall be in amount
equal to the amount of any Sales Tax Deferral, which letter of credit Landlord
may draw upon in the event that Tenant timely fails to pay any amount payable
by Tenant pursuant to subparagraph (b) above.

 

e.                                       The letter of credit will renew automatically
annually, for consecutive one (1) year periods, at least thirty (30) days
prior to the anniversary date of its initial issuance, until the expiration of
the State’s audit and claim rights with respect to the Sales Tax Deferral.  The amount of the letter of credit will reduce
annually to reflect the reduction in the amount of the sales tax (and penalties
and interest) which the State is entitled to recover from Landlord with respect
to the Sales Tax Deferral.  If the letter
of credit does not renew as provided above, Landlord shall so advise Tenant and
if Tenant does not cause the renewal within three (3) business days
thereafter Landlord shall have the right to draw on the letter of credit to the
extent of its potential liability with respect to the Sales Tax Deferral Program,
and any funds so drawn by Landlord will be held by Landlord in an interest
bearing account as security for Tenant’s performance of its obligations
under  subparagraph (b) above until
the State’s audit and claim rights expire.

 

3.                                       Broker.  Tenant represents and
warrants that it has not dealt with any broker or agent in the negotiation for
or the obtaining of this Amendment other than Landlord’s Broker and Tenant’s
Broker, and agrees to indemnify, defend and hold Landlord harmless from any and
all cost or liability for compensation claimed by any other broker or agent
employed or engaged by it or claiming to have been employed or engaged by
it.  Landlord represents and warrants
that it has not dealt with any broker or agent in the negotiation for or the
obtaining of this Amendment other than Landlord’s Broker and Tenant’s Broker,
and agrees to indemnify, defend and hold Tenant harmless from any and all cost
or liability for compensation claimed by any other broker or agent employed or
engaged by it or claiming to have been employed or engaged by it.  Tenant shall have no obligation to compensate
Landlord’s Broker or Tenant’s Broker due to this Amendment.

 

2

 

4.                                       No Default.  Tenant represents,
warrants and covenants that, to the best of Tenant’s knowledge, Landlord and
Tenant are not in default of any of their respective obligations under the
Lease and no event has occurred that, with the passage of time or the giving of
notice (or both) would constitute a default by either Landlord or Tenant
thereunder.  Landlord represents,
warrants and covenants that, to the best of Landlord’s knowledge, Landlord and
Tenant are not in default of any of their respective obligations under the
Lease and no event has occurred that, with the passage of time or the giving of
notice (or both) would constitute a default by either Landlord or Tenant
thereunder.

 

5.                                       Effect of Amendment. 
Except as modified by this Amendment, the Lease and all the covenants,
agreements, terms, provisions and conditions thereof shall remain in full force
and effect and are hereby ratified and affirmed.  The covenants, agreements, terms, provisions
and conditions contained in this Amendment shall bind and inure to the benefit
of the parties hereto and their respective successors and, except as otherwise
provided in the Lease, their respective assigns.  In the event of any conflict between the
terms contained in this Amendment and the Lease, the terms herein contained shall
supersede and control the obligations and liabilities of the parties.  From and after the date hereof, the term “Lease”
as used in the Lease shall mean the Lease, as modified by this Amendment.

 

6.                                       Miscellaneous. 
This Amendment becomes effective only upon execution and delivery hereof
by Landlord and Tenant. The captions of the paragraphs and subparagraphs in
this Amendment are inserted and included solely for convenience and shall not
be considered or given any effect in construing the provisions hereof.  All exhibits hereto are incorporated herein
by reference.

 

7.                                       Counterparts.  This
Amendment may be executed in one or more counterparts that, when taken
together, shall constitute one original.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

3

 

IN WITNESS WHEREOF, Landlord
and Tenant have hereunto set their hands as of the date and year first above
written, and acknowledge that they possess the requisite authority to enter
into this transaction and to execute this Amendment.

 

LANDLORD:

 

BMR-217TH PLACE LLC,

a Delaware limited
liability company

 

 

	
  By:

  	
  /s/ Gary A. Kreitzer

  	
   

  
	
  Name:

  	
  Gary A. Kreitzer

  	
   

  
	
  Title:

  	
  Executive V.P.

  	
   

  

 

 

TENANT:

 

SONUS PHARMACEUTICALS, INC.,

a Delaware
corporation

 

 

	
  By:

  	
  /s/ Alan Fuhrman

  	
   

  
	
  Name:

  	
  Alan Fuhrman

  	
   

  
	
  Title:

  	
  CFOExhibit 4.1

 

 

	
   

  	
  PricewaterhouseCoopers
  LLP

  
	
   

  	
  Chartered
  Accountants

  
	
   

  	
  PricewaterhouseCoopers
  Place

  
	
   

  	
  250 Howe Street,
  Suite 700

  
	
   

  	
  Vancouver, British
  Columbia

  
	
   

  	
  Canada V6C 3S7

  
	
   

  	
  Telephone +1 604 806
  7000

  
	
   

  	
  Facsimile +1 604 806
  7806

  

 

CONSENT
OF INDEPENDENT AUDITORS

 

We hereby consent
to the incorporation by reference in this Registration Statement on Form F-8
of Eldorado Gold Corporation (the “Company”) of our report dated March 27,
2008 relating to the financial statements and the effectiveness of the Company’s
internal control over financial reporting, which appears in the Annual Report
of the Company on Form 40-F for the year ended December 31, 2007.

 

(signed)
PricewaterhouseCoopers LLP

 

Chartered
Accountants

Vancouver,
British Columbia, 

Canada May 9,
2008

 

PricewaterhouseCoopers
refers to the Canadian firm of PricewaterhouseCoopers LLP and the other member
firms of PricewaterhouseCoopers International Limited, each of which is a
separate and independent legal entity.

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