SECOND
ADDENDUM
TO LEASE
AGREEMENT
This Addendum to Lease Agreement is made as of this 27th day of
April, 2009. This Addendum shall be effective as of May 1,
2009 . This Second Addendum to Lease Agreement (hereinafter the
" Addendum ") modifies and amends the Lease Agreement dated
October 26, 2001, as amended and assigned (collectively, the "
Lease ") by and between ChromaDex Analytics,
Inc.(hereinafter referred to as " Tenant ") and Railhead
Partners, LLC, a Colorado limited liability company (hereinafter
referred to as " Landlord "). The provisions of this
Addendum shall modify and supersede any conflicting or contrary
provisions of the Lease. All terms in the Addendum shall have the
same meaning as set forth in the Lease except to the extent
modified herein. The remaining provisions of the Lease shall
continue in full force and effect.
R E C I T A L
S
- The Lease as amended between the parties
originally contemplated that the Term of the Lease shall expire on
January 31, 2011.
- The parties are desirous of amending the
Lease so as to specify their respective rights and obligations
concerning the aforementioned issues relative to the tenancy.
NOW, THEREFORE , for good and valuable consideration,
including mutual promises and covenants contained herein, the
parties agree as follows:
- Modification and Extension of Term.
The Term of the Lease is hereby modified and extended from May
1, 2009 , through and including April 30, 2016 (the
extended term from May 1, 2009 through April 30, 2016 shall be
referred to hereinafter as the "Extended Term."). This Addendum,
inclusive of the rental modifications, shall be effective May 1,
2009.
- Rent for Extended Term. The parties
agree that the rentable square footage of the Premises for the
purposes of this Addendum is Twelve Thousand Four Hundred
Fifteen square feet ( 12,415). Tenant shall pay to
Landlord the Basic Rent for the Extended Term as follows detailed
upon the following page:
|
Period
|
Annual Rate
|
RSF
|
Monthly Basic Rent
|
|
Year 1 May 1, 2009 to April 30, 2010
|
$235,885.00
|
$19.00
|
$19,657.08
|
|
Year 2 May 1, 2010 to April 30, 2011
|
$242,961.55
|
$19.57
|
$20,246.80
|
|
Year 3 May 1, 2011 to April 30, 2012
|
$250,250.40
|
$20.16
|
$20,854.20
|
|
Year 4 May 1, 2012 to April 30, 2013
|
$257,757.91
|
$20.76
|
$
|
|