AMENDMENT NO. 2 TO
VINTAGE PARK RESEARCH AND DEVELOPMENT LEASE
(WCB 16)
THIS AMENDMENT NO. 2 TO VINTAGE PARK RESEARCH AND DEVELOPMENT LEASE is
made and entered into as of June 24, 1996 by and between WCB SIXTEEN LIMITED
PARTNERSHIP, a Delaware limited partnership ("Landlord"), and GILEAD SCIENCES,
INC., a Delaware corporation ("Tenant").
Landlord's predecessor-in-interest, Vintage Park Associates, and
Tenant entered into that certain Vintage Park Research and Development Lease
dated March 27, 1992, as amended by that certain Amendment No. 1 dated October
11, 1993 (collectively, the "Lease"), with respect to space in the Buildings
commonly known as 342A, 344B, 346, 353 and 368 Lakeside Drive, Foster City,
California. Landlord and Tenant now desire to amend the Lease in order, among
other things, to reflect a transfer of the Landlord's interest in certain
portions of the premises, and to change the date for expiration of the term, all
as more fully set forth below and, accordingly, Landlord and Tenant hereby agree
as follows:
1. TRANSFER OF LANDLORD'S INTEREST. As of December 21, 1994 (the
"Transfer Date"), Landlord's interest in those Buildings commonly known as 342A
Lakeside Drive and 368 Lakeside Drive, together with the portions of the
premises therein (the "WCB 16 Premises"), were transferred to WCB Sixteen
Limited Partnership, a Delaware limited partnership ("WCB Sixteen"). From and
after the Transfer Date, WCB Sixteen shall be deemed the Landlord with respect
to the WCB 16 Premises under the terms of the Lease and hereby assumes all of
the obligations of Landlord under the terms of this Lease with respect to the
WCB 16 Premises accruing from and after the Transfer Date. Tenant hereby
attorns to WCB Sixteen as the Landlord under the Lease from and after the
Transfer Date. Simultaneously, on the Transfer Date, the Landlord's interest in
the Lease with respect to those portions of the premises located within 344, 346
and 353 Lakeside Drive (collectively, the "WCB 17 Premises") were transferred to
WCB Seventeen Limited Partnership which from and after the transfer date became
the Landlord under the Lease with respect to the WCB 17 Premises.
Simultaneously with the execution of this Amendment, Tenant and WCB Seventeen
Limited Partnership shall enter into Amendment No. 2 to this Lease under which
WCB Seventeen Limited Partnership assumes the obligations of the Landlord under
the terms of this Lease with respect to the WCB 17 Premises accruing from and
after the Transfer Date.
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2. AMENDMENT OF BASIC LEASE INFORMATION. Those portions of the
Basic Lease Information of the Lease set forth below are hereby amended to read
as follows:
Premises and Building:
342A Lakeside Drive Approximately 28,335 sq. ft., as
outlined on EXHIBIT A to Amendment No. 1
Ground Floor of 368 Approximately 21,742 sq.
Lakeside Drive ft., as outlined on EXHIBIT A to Amendment
No. 1
Term Commencement:
342A and 368 Lakeside
Drive: August 1, 1995
Term Expiration:
342A Lakeside Drive July 31, 1996
and 368 Lakeside Drive
Base Rent:
342A and 368 Lakeside Drive:
February 1, 1996 through
March 31, 1996 $55,084.70
April 1, 1996 through
July 31, 1996 $57,588.55
Tenant's Percentage Share:
342A Lakeside Drive: 87%
368 Lakeside Drive: 59.34%
Landlord's Address for Notice:
WCB Sixteen Limited Partnership
c/o WCB Properties
393 Vintage Park Drive, Suite 200
Foster City, CA 94404
3. DELETION OF PARAGRAPH 20. Paragraph 20 of the Lease is hereby
deleted with respect to the WCB 16 Premises.
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4. AMENDMENT OF PARAGRAPH 24. The language added to paragraph 24 of
the Lease pursuant to paragraph 4 of Amendment No. 1 is hereby deleted.
5. RATIFICATION. Landlord and Tenant hereby ratify and confirm the
terms of the Lease as amended in paragraphs 1 through 4 above.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment
as of the date first above written.
TENANT: LANDLORD:
GILEAD SCIENCES, INC., WCB SIXTEEN LIMITED
a Delaware corporation PARTNERSHIP, a Delaware limited partnership
By: WCB SIXTEEN, INC., a
By: /s/ John C Martin Delaware corporation
--------------------------- general partner
Its: CEO
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By: /s/ Wallace G. Murfit
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Its: V.P.
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