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EXHIBIT 10.2
RECORDING REQUESTED BY: )
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Nexus Properties, Inc. )
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WHEN RECORDED, RETURN TO: )
)
Nexus Properties, Inc. )
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APN ▇▇▇-▇▇▇-▇▇
AMENDED MEMORANDUM OF LEASE
This AMENDED MEMORANDUM OF LEASE ("Memorandum") is effective as of
March 7, 1997, by and between NEXUS EQUITY VI LLC, a California limited
liability company ("Landlord"), and LIGAND PHARMACEUTICALS, INC., a Delaware
corporation ("Tenant").
NOW, THEREFORE, the parties hereto agree as follows:
1. Lease of Premises. Pursuant to that certain Lease of even date
herewith ("Lease"), Landlord hereby leases to Tenant for a term of seventeen
(17) years, commencing on January 1, 1998, the Term Commencement Date as
defined in the Lease, on the terms and conditions set forth in the Lease, all
of which are made a part of this Amended Memorandum as though fully set forth
herein, those certain premises located on and including real property ("Real
Property") located in the City of San Diego, County of San Diego, State of
California, more particularly described as follows:
Parcel 2 of Parcel Map 17826, in the City of San Diego,
County of San Diego, State of California, according to Map
thereof, filed in the Office of the County Recorder of
San Diego County, February 18, 1997
2. Right of First Refusal to Purchase Premises. Pursuant to the Lease,
Landlord hereby grants to Tenant the right to acquire ("Right of First
Refusal") the Real Property, which may be exercised prior to the expiration or
earlier termination of the term of the Lease on the terms and conditions set
forth therein.
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3. Purpose of This Memorandum. This Amended Memorandum is executed for
the purpose of being recorded, in order to give notice of the Lease and Right of
First Refusal. This Amended Memorandum is not a complete summary of the terms
and conditions of the Lease, and is subject to, and shall not be used to
interpret or modify, the Lease or Right of First Refusal.
The parties hereto have entered into this Amended Memorandum of Lease as of
the date first written above.
This Amended Memorandum amends in its entirety that certain Memorandum of
Lease of even date recorded with the Office of the Recorder of San Diego County,
California, on March 11, 1997, as Document No. 1997-0105347.
LANDLORD:
NEXUS EQUITY VI LLC
A California Limited Liability Company
By Nexus Properties, Inc.
Its Manager
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Chief Executive Officer
TENANT:
LIGAND PHARMACEUTICALS, INC.
A Delaware corporation
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇
Senior Vice President and Chief Financial Officer
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STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On April 9, 1998, before me, the undersigned Notary Public in and for said
County and State, personally appeared
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[X] personally known to me
or
[ ]
the person whose name is subscribed to the within instrument and acknowledged
to me that he executed the same in his authorized capacity, and that by his
signature on the instrument the person, or the entity upon behalf of which the
person acted, executed the instrument.
Witness my hand and official seal.
/s/ [SIG]
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Signature of Notary.
[NOTARY PUBLIC SEAL]
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On April 9, 1998, before me, the undersigned Notary Public in and for said
County and State, personally appeared
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[X] personally known to me
or
[ ]
the person whose name is subscribed to the within instrument and acknowledged
to me that he executed the same in his authorized capacity, and that by his
signature on the instrument the person, or the entity upon behalf of which the
person acted, executed the instrument.
Witness my hand and official seal.
/s/ [SIG]
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Signature of Notary
[NOTARY PUBLIC SEAL]
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